Bitcoin is Not Backed by Nothing - Unchained Capital

Is Bitcoin Backed By Anything?

Like our fiat currency, what is backing Bitcoin? Can someone please explain? Thank you.
submitted by TarianJeff to Bitcoin [link] [comments]

Is Bitcoin Backed By Anything? /r/Bitcoin

Is Bitcoin Backed By Anything? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Some Banks are beating bitcoin by saying that it's not backed by anything. Hello .. it's backed by the blockchain and millions of nodes . This is a big deal

submitted by funnymoney111 to Bitcoin [link] [comments]

Bitcoin isn't supposed to be backed by anything, it is supposed to be the backing instrument.

Just so we get this straight.
submitted by malignant_serpent to Bitcoin [link] [comments]

Showerthought: Draghi says bitcoin (bch) is not a currency because it's not backed by anything. I think the US dollar and euro will soon be backed by bitcoin (bch).

submitted by heuristicpunch to btc [link] [comments]

Overhearing conversations in the workplace about bitcoin when the "smartest" guy says "bitcoin isn't even backed by anything"...... not sure what he is comparing it to... obviously not the USD

submitted by Itsafireboy to Bitcoin [link] [comments]

RT @dieguito: Stable assets (fiat, commodities or anything you can imagine) backed by bitcoin protected by a smart contract on @RSKsmart are coming! A transparent, p2p and global Fort Knox is being born! https://t.co/dTPP7uEYfG

submitted by Natonamco to rootstock [link] [comments]

If the governments shut down and your money is backed by the government, is your money worth anything? /r/Bitcoin

If the governments shut down and your money is backed by the government, is your money worth anything? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Is Bitcoin (or any other cryptocurrency for that matter) backed by anything?

I'm looking to diversify into bitcoin and was curious as to the underlying value of these currencies. Any info/tips on common mistakes and how to best get started would also be much appreciated
submitted by gcashmoney221 to BitcoinBeginners [link] [comments]

People say bitcoin is not backed by anything. I disagree.

Apparently the bitcoin network represents the largest amount of computing power ever made by mankind. When people say that it has "no value" and "is not backed by anything", they are forgetting something very important. When you buy bitcoin, you are not purchasing currency, you are purchasing a share of computing power. Millions of dollars (and other currencies) have been invested here. You are not buying currency, you are buying a share in a network that is much more useful than currency. Therefore, this "currency" is MOST CERTAINLY backed by something. It is backed by an enormous amount of computing power that is growing every day.
Sure, this could all crash and the people who have invested millions in their equipment, along with those who bought into the "Ponzi" scheme would all be big losers, but do you really think that could happen at this point?
I think that Pandoras box has been opened and there is no way back.
(This is my first post here, so go easy on me!)
submitted by remoraguy to Bitcoin [link] [comments]

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blockchain.Edu: Where Does Bitcoin Get Its Value? Is It Backed By Anything? Are bitcoin and other cryptocurrencies really "money"? Where do they get their value? Why is that value always changing? Is bitcoin backed by anything? In this weeks article, we're going to cover all these questions and more as we dive into where bitcoin and other cryptocurrencies get their value, and if that value is "intrinsic" or not.
Remember, although cryptocurrencies may seem like a worthwhile investment, it's always important to understand and research how these cryptocurrencies ascertain any sort of value before you invest your hard earned money!
Enroll Today! https://blockchainedu.io/
submitted by msc8282 to CryptoImprovementFund [link] [comments]

Showerthought: Draghi says bitcoin (bch) is not a currency because it's not backed by anything. I think the US dollar and euro will soon be backed by bitcoin (bch). /r/btc

Showerthought: Draghi says bitcoin (bch) is not a currency because it's not backed by anything. I think the US dollar and euro will soon be backed by bitcoin (bch). /btc submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin is Not Backed by Anything (And That’s OK!)

Bitcoin is Not Backed by Anything (And That’s OK!) submitted by Broten to Bitcoin [link] [comments]

Where Does #Bitcoin Get Its Value? Is It Backed By Anything? Start #Learning Today https://t.co/Q7QfApMZYZ https://t.co/Ko1dDKaA5C

Where Does #Bitcoin Get Its Value? Is It Backed By Anything?
Start #Learning Todayhttps://t.co/Q7QfApMZYZpic.twitter.com/Ko1dDKaA5C
— CIF (@CIF_Team) March 9, 2018
from Twitter via IFTTT
submitted by ADMINCIF to CryptoImprovementFund [link] [comments]

What is your best response to someone who argues that bitcoin will fail because it has no true value and that it is "nothing" or not backed by anything? /r/Bitcoin

What is your best response to someone who argues that bitcoin will fail because it has no true value and that it is submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Overhearing conversations in the workplace about bitcoin when the "smartest" guy says "bitcoin isn't even backed by anything"...... not sure what he is comparing it to... obviously not the USD /r/Bitcoin

Overhearing conversations in the workplace about bitcoin when the submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How does bitcoin have value when it's not backed by anything? Bitcoin is backed by the blockchain, by cryptography, by fairness, truth and transparency into its operation. /r/Bitcoin

How does bitcoin have value when it's not backed by anything? Bitcoin is backed by the blockchain, by cryptography, by fairness, truth and transparency into its operation. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Some Banks are beating bitcoin by saying that it's not backed by anything. Hello .. it's backed by the blockchain and millions of nodes . This is a big deal /r/Bitcoin

Some Banks are beating bitcoin by saying that it's not backed by anything. Hello .. it's backed by the blockchain and millions of nodes . This is a big deal /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is Bitcoin (or any other cryptocurrency for that matter) backed by anything? /r/BitcoinBeginners

Is Bitcoin (or any other cryptocurrency for that matter) backed by anything? /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin isn't supposed to be backed by anything, it is supposed to be the backing instrument. /r/Bitcoin

Bitcoin isn't supposed to be backed by anything, it is supposed to be the backing instrument. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

09-13 17:44 - 'Literally everyone on localbitcoin is a scammer. There's no mechanism preventing some scammer to run off with your money and not give you anything back.' by /u/xsnyder1171x removed from /r/Bitcoin within 6-16min

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Literally everyone on localbitcoin is a scammer. There's no mechanism preventing some scammer to run off with your money and not give you anything back.
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Author: xsnyder1171x
submitted by removalbot to removalbot [link] [comments]

Bitcoin is Not Backed by Anything (And That’s OK!)

Bitcoin is Not Backed by Anything (And That’s OK!) submitted by BTCNews to BTCNews [link] [comments]

Gold is not backed by anything Is Bitcoin backed by anything? Aaron Goldstein: The Number 1 problem with bitcoin Bitcoin is getting set by big players to skyrocket! Insiders are crazy bullish!! China's CBDC, what is it actually backed by(if anything)?

But if Bitcoin is not backed by anything, what it is backed by? Before we answer that question, there is an elephant in the room we must address first. The myth of fiat currency. If you ask anyone ... Bitcoin doesn't need to be backed by anything tangible to be valuable; like fiat currencies, much of its value derives from consumer confidence. By Daniel Phillips and Scott Chipolina. 5 min read. Sep 14, 2020 Sep 14, 2020. Bitcoin. In brief. Despite the common misconception that Bitcoin has no value, its market capitalization of around $190 billion suggests otherwise. Like the US dollar and ... Like most modern currencies bitcoin is not backed by gold or other precious commodities. In a sense, bitcoin’s value is derived from our common belief that bitcoin has value. The same is true of the American dollar, the British pound, and the European Union’s euro, as well as nearly every other modern currency. Historically speaking, up until August 15 th 1971 most currencies were backed ... Think of it this way: Bitcoin is an asset class of its own. It’s not pegged to another currency, it’s value is not derived from other commodities, and while you can exchange your bitcoins for fiat currency, the value of that fiat currency isn’t go... Anything can be money as long as people believe it stores value. In this way, Bitcoin is similar to any other means of payment. It’s also based upon people believing it has value and willing to use it to pay. Modern money is usually declared as fiat currencies, which means it’s are not backed by anything. It’s printed on paper or minted ...

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Gold is not backed by anything

Why I Dumped All My Bitcoin For This Gold Backed Crypto Currency! In this video I show you why i decided to change my Bitcoin into the Karatgold coin (KBC) and show you how you can obtain this ... China's CBDC, what is it actually backed by(if anything)? ----- *this is not financial advice, trade at your own risk Check out my other channels: My other channels and subscribe! https://www ... Bitcoin is backed by a computer network, encryption, people who have or support bitcoins, time, energy, notoriety, the demand for a sound digital currency, the free market, etc.. Is there anything... #Bitcoin is getting set by big players to skyrocket! Insiders are crazy bullish! https://www.patreon.com/bitcoinben Please help me spread the crypto message ... What is bitcoins intrinsic value? Is bitcoin backed by anything? This video is unavailable.

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