BitcoinMendocino on Nostr: What's backing #bitcoin? (Rhetorical answer) What's backing gold? Gold takes work to ...
What's backing #bitcoin? (Rhetorical answer) What's backing gold?
Gold takes work to produce and is scarce. Bitcoin also takes work to produce and is scarcer than gold.
Neither are 'backed' by anything except the laws of physics.
Published at
2024-06-04 18:11:23Event JSON
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"content": "What's backing #bitcoin? (Rhetorical answer) What's backing gold?\n\nGold takes work to produce and is scarce. Bitcoin also takes work to produce and is scarcer than gold.\n\nNeither are 'backed' by anything except the laws of physics. https://image.nostr.build/b62998b5c18b3f2eaffcdc508cd11613af80f99d9278a69a47afa6184a470ecc.jpg ",
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