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What is backing bitcoin? Gold? Cpu cycles?

• scotty79 8y ago
  Algorithm thay decides how many bitcoins exist. Bitcoin is backed by same thing art and collectibles are backed by. Scarcity.
  • dj43nq 8y ago
    I don’t buy burgers with art or collectibles. And holding bitcoin doesn’t help me in long or short term. Right now I’m hoping more people will buy bitcoin so I can dump the remainder of mine.