Fiat currencies historically have been backed by gold or governments. Do you think Bitcoin would be more valuable if it were backed by gold or governments?
Yes, I for one think that any monetary instrument backed by something else is ripe for manipulation by anyone who controls the thing being used as “backing”.
I would be shocked if anyone would think that BTC needs to be backed. It would defeat the whole purpose.
Yes, I for one think that any monetary instrument backed by something else is ripe for manipulation by anyone who controls the thing being used as “backing”.