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All currency is made up, and even physical reserves (gold) have very little intrinsic value. Bitcoin is just another one.
by sadeshmukh 2y ago
All currency is made up, and even physical reserves (gold) have very little intrinsic value. Bitcoin is just another one.
- Eddy_Viscosity2 2y agoYes, this is true. The federal government already has the US dollar. It does not need "another one". Why would it?
- desumeku 2y agoIt's not about "needing" another one. The "other one" is already here, whether you think you need it or not. Will America play the leading role in how the world reacts to its existence, or will someone else beat them to being first? The answer was already decided. Welcome to the future.
- Eddy_Viscosity2 2y agoBeating them to being first at what? The first to sink taxpayer resources into buying the latest meme coin? The first to provide a taxpayer funded bailout for crypto-bros? This is precisely the sort of 'waste and corruption' that the new administration should be getting away from, not diving into.
- deleted 2y ago[deleted]