Skylar
Diamond Member
- Jul 5, 2014
- 52,732
- 15,690
Is Bitcoin a dollar or is it a bitcoin?
The dollar isn't worth the ink used to print it. Dollars used to represent gold. Now they are backed by nothing more than promises from the Federal Reserve, not the United States.
Soon, crypto will be the only thing in your "virtual wallet". Also backed by nothing but faith in the Federal Reserve...
ANCHORAGE DIGITAL BANK
Inventing solutions for the future of capital.
Our vision is to be the foundation upon which value moves safely in the new global economy.
^ It's really not about safety. It is about controlling and regulating your tokens. There will be no dollars in the future new global economy. We are phasing the inflated and debt ridden dollar out and bringing crypto to a neighborhood near you.
A little foresight would help your understanding of where we are headed...
A bitcoin is backed by nothing but Bitcoin. Which is why its price fluctuates as it does.
The US dollar is backed by the full faith and credit of the United States. As it has been since our nation was founded.
And with all the 'kiss your dollars goodbye' nonsense debunked, this thread is predictably descending into another generic 'but fiat currency is bad!' conversation.
Give me a holler if you want to discuss those tokens again. I'll be happy to comment.