Post
Topic
Board Beginners & Help
Re: Do Bitcoins need something REAL to back them?
by
kosmonaut
on 20/04/2013, 01:21:00 UTC
Digital currency creation is directly linked to electricity usage. I don't know this as fact but Bitcoins seem to be the oldest and most mined crypto-currency to date. They have used up the most resources (electricity) so far and continue to do so as more miners join the game.

I believe this contributes a lot to their current monetary value. Now with ASICs joining the game which are more energy efficient it might change the current situation.