Post
Topic
Board Bitcoin Discussion
Re: "BTC Is backed by nothing while the USD is backed by 'full faith' of US gov't"
by
Bigeyeone
on 02/01/2014, 06:06:09 UTC
BTC is backed by the laws of mathematics and the power of cryptography.

USD is backed by the 'full faith' of the US govt.

I sure as hell know which of these two I trust more.
only the supply side is backed by mathematics and cryptography, demand side is backed by market demand only, by all of us believing it is useful as a currency, without demand BTC is worthless no matter how rock solid it's supply is