BigSeanHarris on Nostr: Yes, the term backed is the important part. Bitcoin is the commodity, it is the ...
Yes, the term backed is the important part. Bitcoin is the commodity, it is the bearer asset that needs no backing. It uses energy to mine, and one could argue that energy sets the floor price. But it doesn’t “back” it.
Published at
2023-03-14 23:02:54Event JSON
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