I think it's unfair to just mention the dollar. I'll take a dollar over any other fiat. Like I said in the reply to Maneco64, the US has vast resources, physical & intellectual. In addition the most advanced military in the world.
So while I agree it's crap, at least it's backed by America & Americans.
Addendum, geologists have also said that there is still about 70% of the gold locked up in the Sierra Nevadas, compared to what was found/pulled out. There's your Ft. Knox.
Yes. The emperor has no clothes! Bitcoin & Co. have looked behind the curtain.
I think it's unfair to just mention the dollar. I'll take a dollar over any other fiat. Like I said in the reply to Maneco64, the US has vast resources, physical & intellectual. In addition the most advanced military in the world.
So while I agree it's crap, at least it's backed by America & Americans.
Addendum, geologists have also said that there is still about 70% of the gold locked up in the Sierra Nevadas, compared to what was found/pulled out. There's your Ft. Knox.