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Message Subject Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Poster Handle Anonymous Coward
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 Quoting: Anonymous Coward 80068236


I can follow the logic of anti-bitcoiners to the point that they believe in a tangible currency, but and this is a big BUT, this only makes sense if the currency is backed by something tangible, like a gold-backed US$, which alas does not exist.
And even if it were so, 90% of all ledger entries are still just plain computer code.
Or is something physical being moved, like dollar coins or gold coins, if money is being deposited from one bank account to another?
Or that, to the very least, the receiving bank will keep the amount of your deposit in real coins as equivalent?
Of course not. Your deposit just appears in the statement as a line of computer code.
So you tell me why the dollar as a currency, where 90% only exist within the bit and bytes realm, is so much different from bitcoin?
 Quoting: Tekunda


TRUST AND FAITH!
 Quoting: Anonymous Coward 80068236


ever since the dollar was taken off the gold standard its been trust and faith of the iou dollar
 
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