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A comment on I am often asked if I will “return to cryptocurrency”. Parent comment

Re:I am often asked if I will “return to cryptocurrency” by jokethrowaway on Friday July 16, 2021 @09:09AM (#27855832)
Backing fiat with real assets stored somewhere (not necessarily gold)

I don't think cryptocurrencies solve anything though, they're equally not backed and they don't even have weapons or an economy behind

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Re:I am often asked if I will “return to cryptocurrency” by mikeblackson on Saturday July 17, 2021 @07:43AM (#27865128)
How do you make sure fiat is backed by the necessary amount of real assets?

Without a concrete safeguard, we would eventually fall back into the debasement scenario again.

I believe this is the problem bitcoin is attempting to solve. The asset/value is inseparable from the monetary network which makes it easily auditable.

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