You sir clearly don't understand what Bitcoin is. You are correct about the dollar but bitcoin doesn't need to be backed by anything, it just needs to be adopted. And a currency that is decentalized, borderless, and a peer to peer payment system well you can be sure that will get adopted quick.
Yeah you should know from the start, that bitcoin is not backed up by anything, there is no government support, developed economies, or the state. it's a challange for bitcoin itself, and the proof is that bitcoin is a respected currency with its innovation, bitcoin is the world's most expensive currency right now!
if btc is not backed by anything then why do you think that it existed and its value is growing ? that only means that btc is backed by its devs and its also backed us supporters and investors .
@op you dont like btc , but your making complaints about usd/fiat ? so what do you really want ? i already state that btc is backed by people same as fiat but btc is just better than fiats imo
It is still an enigma for many people. Nevertheless, I am sure that in a period of 3-6 years, Bitcoin will be adopted in many countries; Europe at least will start using BTC massively.
Now, different states have various policies regarding cryptocurrencies. In some countries, they are legal for payment, somewhere they are a special kind of goods, and somewhere transactions with cryptocurrencies are prohibited.
Finally, BTC will be legal everywhere, I suppose.