Quote from: Tatzky on July 19, 2018, 12:46:17 PM

Quote from: hatshepsut93 on July 17, 2018, 02:47:59 AM

Quote from: Robust Crypto on July 17, 2018, 12:14:18 AM

The dollar is backed by gold, the gold is the bareback of it. What is behind Bitcoin?
What inherent value does Bitcoin have?
We don't know how created it, maybe it's a government funded project
It's just speculation, the technology hasn't been tested yet.

Dollar is not backed by gold. Gold is not backed by anything, it has speculative value driven by supply and demand, just like everything else, just like Bitcoin.

Does is matter who created it as long as it's working? It's open source and in 9 years no one found any backdoors.

Bitcoin has been tested for 9 years already, it was and always is under attack, yet it continues to function like a clock.

Quote from: Robust Crypto on July 17, 2018, 12:14:18 AM

But here's the kicker that I have been thinking about since we talked: He believes the private/public sectors will adopt the Blockchain, the governments, businesses to further improve their systems.

This is what currently happening, and also a lot of public blockchains like Ethereum or EOS or IOTA are moving towards more and more centralization in order to get more performance, because at this moment centralized systems are still way more efficient than public, decentralized ledgers like Bitcoin. But Lightning Network is an extremely promising game-changer that will give a huge edge to public blockchains.

Should we let him tell the source of his post? I was also wondering how he comes up with this idea, since US money and it's value is determines by the county's economy as I read on some study...

I quoted what the other party said.

And yes, money was backed by gold in the early stages, and as the time went by there was more money created (inflation) and that lead to many economic crises.