Comment Re:Nothing backs it (Score 1) 97
The value of money is determined by the economy that underpins it. That is why the US is hell-bent on ensuring that the dollar remains the currency for international oil trade. That's also why governments can print a little extra money without triggering inflation, if there is economic growth.
There is an economy underpinning Bitcoin as well, of sorts. But it's tiny.
There is an economy underpinning Bitcoin as well, of sorts. But it's tiny.