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A comment on Bill Gates Says that Bitcoin is bad For the Planet. Parent comment

Re:Bill Gates Says that Bitcoin is bad For the Planet by 2OEH8eoCRo0 on Monday March 08, 2021 @02:53PM (#26390661)
Paper USD is backed by something though isn't it? It's backed by the US Govt. It's backed by the USG guaranteeing they will accept it.

Crypto ain't even backed by that.

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Re:Bill Gates Says that Bitcoin is bad For the Planet by mr_woozy on Monday March 08, 2021 @07:14PM (#26393497)
It's a misrepresentation, but you're on to something. Crypto is also backed in addition by all the other network participants willing to transact in crypto. which scales log with number of network participants.
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