Was going to say but you said it better. US dollar is backed by nothing but hopes and dreams at this point. That said, Biden could ruin crypto overnight with sweeping regulation.
What military? Only as much as China feels like allowing. China has more confidence that its systems will actually respond when given a command. Does anyone believe our physical and systems chain of command ISN'T utterly comprimised at this point? And who exactly would serve Lord Xiden to the death if push came to shove on the military front?
Was going to say but you said it better. US dollar is backed by nothing but hopes and dreams at this point. That said, Biden could ruin crypto overnight with sweeping regulation.
Decentralization means he can't shut it down.
It is way more vulnerable to a government induced crash now, however, because more government regulated institutions have bought in.
I'll own Bitcoin through that simply because he can't shut it down.
Don't allow others to stand astride your ability to trade.
Also, Joe can't print $4 trillion in Bitcoin next year, so that's good.
And turning off the power or blocking the interwebs. You can’t crypto if you can’t run your pc or get online.
US dollar is backed by the most powerful military in the world.
Not sure why people don't understand how the world really works yet, it's not like it is hidden anymore.
That doesn't matter if they print money and give none if it to you.
Sure but I was replying to the guy that stated:
The US dollar obtained world reserve currency by being backed by gold, it keeps that world reserve status by military force.
What military? Only as much as China feels like allowing. China has more confidence that its systems will actually respond when given a command. Does anyone believe our physical and systems chain of command ISN'T utterly comprimised at this point? And who exactly would serve Lord Xiden to the death if push came to shove on the military front?
and it was backed by gold by making private ownership of gold illegal
They won’t. The biggest holder of BTC is the FBI.