Post
Topic
Board Economics
Re: What is bitcoin backed by? My favorite answers
by
Miss Fortune
on 30/09/2015, 12:38:35 UTC
1) A lack of faith in central banks and their long-term control over government currencies

2) A desire to hold currency that has positive expected value when more efficient means of production are discovered.

That is all.

-bgc

A lot actually, there many other merchants and investors that really believe in btc and with that
they support it to endless limits.