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Money (at least in the US) is backed by the "full faith of the US Government" for whatever that is worth. https://seekingalpha.com/article/145722-what-really-b
by lbotos 6y ago
Money (at least in the US) is backed by the "full faith of the US Government" for whatever that is worth.
https://seekingalpha.com/article/145722-what-really-backs-the-u-s-dollar https://seekingalpha.com/article/145722-what-really-backs-th...
a lot of people like that crypto isn't backed by a gov, but i'd like to believe that most people would agree that the government has some intrinsic worth.
- camgunz 6y agoIt is literally worth trillions ($27t)! The credit-worthiness of the USD is so good we've sold trillions of them. It's just such an inarguable stat haha.