Trump: "Bitcoin will be made in USA"
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (10)
sorted by:
Currently, only dollars are backing bitcoin.
However, it is viewed as an asset, and not a currency. A good analogy would be, you cannot buy food with your house (asset). It may appear you can buy items with Bitcoin, however the crypto needs to be converted to dollars if a seller was to take Bitcoin as payment.
Give the book "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin" a read. It gives a real-world use for Bitcoin and not based on narratives.
https://dspace.mit.edu/handle/1721.1/153030