That is the problem when bitcoin is backed by fiat which it should not be the case as it's value will be determined by a debt ridden fiat currency.
Thank you for clarifying. It looks like we do agree on much, though we may have a different degree and scope of concern.
(I don't much care about wage disparity, for example, provided it is engaged in though voluntary negotiation)
In point of fact, am even looking to "back" Bitcoin with silver by accepting Bitcoin in trade for silver.
I just have to convert enough Bitcoin to fiat in order to pay the taxes, (which are minimal as I don't keep much on the trade in order to increase quantity).