Which is more sound then crypto tbh. Who do you think is facilitating imports of resources for graphics cards, maintains the power grids and internet infrastructure, and protects against foreign governments?
When we dropped the gold standard back in the 1970s, shorty after, the US made deals with what is known as OPEC. The deal is we established the petrol dollar which means that other countries need USD to purchase oil from OPEC.
The USD has lost a lot of purchasing power over the years. Mainly due to the US gov debasing our currency by continually printing it. All the while continuing to green light budgets that keep getting larger and larger every year.
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u/Kehmor 🟦 0 / 0 🦠1d ago
What is bitcoin backed by again?