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A comment on Bitcoin and almost every other cryptocurrency crashed hard today. Parent comment

Re:Bitcoin and almost every other cryptocurrency crashed har... by bogomipz on Friday December 22, 2017 @11:41AM (#15988733)
>"The dollar is essentially backed by oil ..."

No, the petrodollar system effectively ended with the 2008 financial crisis[1]. The US dollar is just backed by debt now.

EDIT(wrong URL): https://uk.reuters.com/article/uk-usa-bonds-petrodollars/com...

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Re:Bitcoin and almost every other cryptocurrency crashed har... by thinkling on Friday December 22, 2017 @12:13PM (#15989049)
I'm missing how your link supports your claim. The linked article says nothing about the financial crisis and discusses petrodollar behavior in recent years. Much of the reduction in export of petrodollars to asset markets is blamed on sanctions on Russia.
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Re:Bitcoin and almost every other cryptocurrency crashed har... by bogomipz on Friday December 22, 2017 @01:03PM (#15989492)
Sorry I pasted the wrong URL I've since corrected it.
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