ooli2@lemm.ee to World News@lemmy.mlEnglish · 19 days agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square248fedilinkarrow-up1531arrow-down112
arrow-up1519arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2@lemm.ee to World News@lemmy.mlEnglish · 19 days agomessage-square248fedilink
minus-squaremortemtyrannis@lemmy.mllinkfedilinkarrow-up9·19 days agoNothing backs US currency? I’d argue the US military backs the US dollar.
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkarrow-up5arrow-down2·19 days agoViolence based currencies are not sustainable in the long term. That’s why the petrol-dollar has been steadily decreasing in global reserves. It’s why the IMF has to outlaw bitcoin instead of competing with it.
Nothing backs US currency?
I’d argue the US military backs the US dollar.
Violence based currencies are not sustainable in the long term. That’s why the petrol-dollar has been steadily decreasing in global reserves. It’s why the IMF has to outlaw bitcoin instead of competing with it.