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The dollar is tied to the American government and the American economy. It is not created for profit, but rather for stability. I see this as a sharp contrast t
by TACIXAT 9y ago
The dollar is tied to the American government and the American economy. It is not created for profit, but rather for stability. I see this as a sharp contrast to Bitcoin, which is created for profit (by miners) and only supported by speculation and the online drug trade. It is incredibly deflationary while the dollar is incredibly stable. While the dollar doesn't have a tangible 1:1 backing, it is backed by 330 million people (+many others who do business with the US) participating in the largest world economy.