@graphic: Btc backing alts with monetary value is wrong. The dollar backs alts with monetary value. People will trade alts more and more directly for fiat in the future. Bitcoin isn't as significant as it wants to be
That sounds like a bit of a robotic statement that's never been thought through.
The dollar is backed by the debt of bond and mortgage holders. It is not in a position to back anything. It is a proxy for future economic activity.
This leads into deep discussion
