Post
Topic
Board Economics
Re: What is bitcoin backed by? My favorite answers
by
mordekaiser
on 30/09/2015, 13:41:05 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 of people have been very supportive about bitcoin and as time goes by it it becoming more popular.