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0 sats \ 0 replies \ @satyagraha 11 Feb 2023 \ on: Should Bitcoin Be Backed By Something? bitcoin
It's not backed, nor was the USD by gold, it was anchored, braked, restrained, limited in its issuance, immune to debasement.
The only backed commodities are edible or potable.
"Backed," like 🤣 "Stable" coins are "backed" by the inflating and debased USD? That. Should Bitcoin erect so flimsy and farcical a veneer, so it can be like the others it isn't.
God there are some dumb questions about something that isn't what we already know?
Should eMail have a stamp?
Does cloud computing have to be monitored for rain?