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/biz/ - Business & Finance

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24310772 No.24310772 [Reply] [Original]

Bitcoin is backed by nothing.

>> No.24310785
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24310785

Bitcoin is backed by Bitcoin

>> No.24310792

Neither is any fiat currency. What's your point?

>> No.24310795

>>24310772

ur backed by nothing

>> No.24310798

Bitcoin is backed by electricity

>> No.24310814

Haircomb on the other hand, is backed by everything (including haircomb)

>> No.24310816

All you need is meme magic. Look at Apple and Tesla.

>> No.24310845

>>24310772
Bitcoin is backed by billions of dollars, blockchain, decentralization, mining industries, emotional people, believers and cults.

>> No.24310848

>>24310772
and that's a GOOD thing

>> No.24310849

It is backed by retards and people speculating on retards.

>> No.24311622

>>24310772
its actually backed by the economic failure of the west and the coming great depression and hyper inflation and failure of fiat currency due to devaluing the fiat currencies.

>> No.24311671

Its all backed by nothing! We can be rug pulled at any minute if someone THEY don't like gains too much power. One day everything is humming along on Monstickers then BOOM! I hope you started accumulating Lick'N'Stick Alien Stamps cause thats the new fiat.

>> No.24311691

>>24310772
Like anything else, it is backed by confidence. You are confident that someone else values it enough to buy it from you.

>> No.24311725

>>24310772
just like the british pound then

>> No.24311762

>>24310772
>>24311622

actually it's mostly backed by online casinos

>> No.24311773

the reason that bitcoin is not backed by anything is extremely bullish is because all "backed" securities are scams.

when you can't separate value from the token representing it then you have no way to pull a fractional reserve fraud.

just remember why the gold standard failed... it was not because gold lost value. but because ""backing"" is a scam.

>> No.24311816

>>24311725
the most successful fiat i believe in longevity
>the pound sterling has lost 99.42% of its purchasing power in 100 years.
but then again...

>> No.24311853

>>24310772
its backed by drugs

>> No.24311873

>>24310772
>1 post by this ID
>sipping tea
nice b8 m8

>> No.24312059

>>24311816
https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/
It'll join this list soon. Nigger Sunak, the blithering paki fucking fool, is printing hundreds of millions with no tomorrow

>> No.24312100
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24312100

>>24310772
It doesn't matter

>> No.24312146

By electricity

>> No.24312432
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24312432

True, that's why u better go for CURIO.

Curio (CUR) will be the first crypto project to make staking/passive income possible with real-world assets as collateral (Ferrari, Real-estate etc).
They are building something similar like MakerDAO, and their own CapitalDEX based on a uniswap fork, as a regulated security-token DEX.

It will be the ultimate form of DeFi

>> No.24312541

Ur ass is backed by dicks