Not at all. National currency, for example, is backed by the government's desire to maintain power, so you can be fairly certain that it will remain stable for as long as the nation remains viable. Bitcoin is backed entirely by random strangers agreeing to trade national currencies for it.
A confidence game too many people believe in
That can be said of all currency though.
Not at all. National currency, for example, is backed by the government's desire to maintain power, so you can be fairly certain that it will remain stable for as long as the nation remains viable. Bitcoin is backed entirely by random strangers agreeing to trade national currencies for it.
Abolish all currency 👐