Post
Topic
Board Bitcoin Discussion
Topic OP
"BTC Is backed by nothing while the USD is backed by 'full faith' of US gov't"
by
bovcan
on 02/01/2014, 03:23:03 UTC
It's amazing how I read this all the time, but it makes no sense.  

How does the USA back the value of the dollar??   There is no gold standard any longer.  If there is hyperinflation and your dollars become close to worthless, what do you think the US gov't is going to give you to "back up" your dollars?  

They aren't going to give you gold.... land..... or even more dollars...they aren't going to give you anything.  Maybe an insincere "sorry, we screwed up" but most likely not even that.

Am I missing something here or are people who say that just as dumb/clueless as I think they are???