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0 sats \ 1 reply \ @redban 4h \ on: The Dollar is Backed by the Full Faith and Trust of A Shutdown Government bitcoin
The dollar hasn't been backed by anything since 1971. Now it's backed by an empty promise. A house of cards that is ready to crumble at the slightest breeze
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0 sats \ 0 replies \ @Solomonsatoshi 41m
Yes but Gold and the RMB are far more strongly positioned to replace it than Bitcoin. Especially in terms of the role of international trade payments. It's not likely Bitcoin will be the new dominant currency- perhaps a minor alternative at best...and even then largely confined to its utility as a SoV, not a MoE.
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