No it isn't. Its not "backed" by the energy used to produce it. That energy is gone...it was consumed in the process and can never be used again...Besides, if that were true, do you really believe it took what $66,000.00 of electricity to mine a single BTC? I don't think so... It's not backed by anything...
No it isn't. Its not "backed" by the energy used to produce it. That energy is gone...it was consumed in the process and can never be used again...Besides, if that were true, do you really believe it took what $66,000.00 of electricity to mine a single BTC? I don't think so... It's not backed by anything...