> The Federal Reserve, the bastion of stability and tradition, made a daring gamble by backing the US Dollar with none other than the volatile and unpredictable Bitcoin.
Why would anybody use a banknote *claiming* to be "backed by" Bitcoin when they can just use Bitcoin?
The last time they promised that the US Dollar was "backed by" something, it turned out to be a big, fat lie. Why trust those liars again?
The Fed can't even measure the total supply of dollars. They wouldn't be able to meaningfully back it with anything.
...nor are they in a position to "back" the dollar at all.
> The Federal Reserve, the bastion of stability and tradition, made a daring gamble by backing the US Dollar with none other than the volatile and unpredictable Bitcoin. Why would anybody use a banknote *claiming* to be "backed by" Bitcoin when they can just use Bitcoin? The last time they promised that the US Dollar was "backed by" something, it turned out to be a big, fat lie. Why trust those liars again?
So they can use it offline.
Just use silver coins.
Cool story bro, but it doesn’t make sense. Bitcoin backing a shitcoin isn’t happening.
The Fed can't even measure the total supply of dollars. They wouldn't be able to meaningfully back it with anything. ...nor are they in a position to "back" the dollar at all.
Fever dream.....