Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin been backed by Dollar then what will happen if the Dollar collapsed?
by
Localhostspeed
on 01/06/2024, 14:53:17 UTC
I genuinely  think about this question twice a week.

Satoshi Nakamoto (Who ever he really is) simply made Bitcoin to give a chance to geniuses like him to be rich
remember that Satoshi was a math genius, he solved equations thought  to be impossible it the time being.

Is this an assumption or he communicated that to you? Some of the wallet many people believed to be owned by Satoshi has remain untouched for several years and not a single sat has been moved out from it, how do you back your claim that Satoshi enrich himself. Do you even have idea some rich list wallets that has bought Bitcoin since 2009 and has never touch them, please research about "Bitcoin richlist addresses".

Quote
he made it so only smart people who live in the west can be millionaires in the future and he did it I mean look at the richest people who made there fortune form Bitcoin and other Crypto currencies, all of them have 130 IQ at the least and all of them sold most of it.
Bitcoin isn't real, the money that those people got is.
change my mind!

It's not about smart people, it's about people who are tired of the government censorship and middleman system across the traditional finance couple with lack of privacy that people don't enjoy. This is what Bitcoin was created for. I think you need to read Bitcoin Whitepaper once more.

Bitcoin isn't back by dollar, it's depends on what a buyer is willing to buy from another seller. It can be pair against any currency even other Cryptocurrencies like Ethereum(Btc/ETH) and many others or other popular stablecoins(Btc/usdt).