Post
Topic
Board Bitcoin Discussion
Re: bubble imminent
by
Raulo
on 22/02/2011, 08:52:52 UTC
Dollar/Euro has value ONLY because government says so.
Bitcoin/gold/silver etc have value, because people believe so.

That is nothing like fiat.

No. US government can claim anything about US dollar in the USA. They can force you to anything. But abroad, US dollar is valuable because there is an economy that supports it and indeed people believe it's valuable.