Re:55% of all Tether, $25B, were created in 2021
by Vespasian on Saturday April 17, 2021 @08:36AM
(#26843794)
> What is the backing of the US dollar at this point asides from threat of violence against challengers ?
That is part of the backing of any government issued currency and it's not a bad one. Usually currencies don't collapse or hyperinflate. If society breaks down locally the question is whether some crypto asset or the thing backed by guns will prevail in the mid term.
In war time: I'm betting on the people with the tanks.
That is part of the backing of any government issued currency and it's not a bad one. Usually currencies don't collapse or hyperinflate. If society breaks down locally the question is whether some crypto asset or the thing backed by guns will prevail in the mid term.
In war time: I'm betting on the people with the tanks.