i dont understand why bitcoin has to be just base on people perceive value of it. and for someone to just artrarily fix the supply of them at 21 million doesn't make any sense
Bitcoin is pretty ok with the fact that it is independent and don't need a backup, or let's come in again from this aspect, what should be the back up for bitcoin? Is it gold, or what? I don't see anything worth the standard to back a decentralized currency like bitcoin, it obviously make no sense and needles, the network is self protected with it value embedded within.