You are viewing a single comment's thread from:

RE: Campaign to 'End the Fed?' Or . . . just buy BITCOIN?

in #bitcoin7 years ago

USD and BTC have one thing in common, they're both only backed by confidence. If EOS can make Ethereum obsolete as dollar vigilante pointed out, the same can easily happen to Bitcoin and then it plunges to 0 because nothing tangible backs it.

Sort:  

bitcoin is backed by technology, math, functionality, security, tangibility etc.

And how much of those components are salable and have a 6000 year history of being desired as money

wrt gold/cryptos, It does not have to be either/or.

Each of us must do our own due diligence and decide where to put our currency and attention. For some, thats gold. For others Crypto. And some even choose fiat.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62204.66
ETH 2437.96
USDT 1.00
SBD 2.64