ooli2 ( ooli2@lemm.ee ) to World News@lemmy.mlEnglish · 2 years agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square33linkfedilinkarrow-up1259cross-posted to: brainworms@lemm.ee
arrow-up1259external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2 ( ooli2@lemm.ee ) to World News@lemmy.mlEnglish · 2 years agomessage-square33linkfedilinkcross-posted to: brainworms@lemm.ee
minus-squaremortemtyrannis ( mortemtyrannis@lemmy.ml ) linkfedilinkarrow-up5·2 years agoNothing backs US currency? I’d argue the US military backs the US dollar.
minus-squaretechnocrit ( technocrit@lemmy.dbzer0.com ) linkfedilinkarrow-up4·2 years agoViolence based currencies are not sustainable in the long term. That’s why the petrol-dollar has been steadily decreasing in global reserves. It’s why the IMF has to outlaw bitcoin instead of competing with it.
Nothing backs US currency?
I’d argue the US military backs the US dollar.
Violence based currencies are not sustainable in the long term. That’s why the petrol-dollar has been steadily decreasing in global reserves. It’s why the IMF has to outlaw bitcoin instead of competing with it.