Post
Topic
Board Bitcoin Discussion
Re: What is the value of Bitcoin? What is bitcoin secured by?
by
RodeoX
on 06/12/2018, 18:43:30 UTC
...So the value of bitcoin and its purchasing power lies only in the public's trust in it.
I agree. Early on I learned a lot about how little I knew about money. Money really only needs two things. It must be hard or impossible to counterfeit, and it must be seen as valuable. Gold is just a shinny rock and dollars are just fancy paper. It is our common belief that allows us to trade these valueless things for items of real value.