But the question was about using Bitcoin to back something else. What's the "something else"? It's not Bitcoin. Is it something proprietary? dxhdr (whose post triggered this conversation) doesn't say, but it would almost certainly be more proprietary than Bitcoin.

Why "almost certainly more proprietary than Bitcoin"? Because somebody's using their bitcoin to back something else. That "somebody" creates (and therefore to some degree controls) that "something else".

At that point, CyberDildonics' question isn't loaded. It's a perfectly reasonable question in response to the proposed idea.

And, after all this back and forth, the question remains: Why would I want to use something backed by Bitcoin, when I could just use Bitcoin?