ooli2@lemm.ee to World News@lemmy.mlEnglish · 1 month agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square149fedilinkarrow-up1528arrow-down110
arrow-up1518arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2@lemm.ee to World News@lemmy.mlEnglish · 1 month agomessage-square149fedilink
minus-squaremortemtyrannis@lemmy.mllinkfedilinkarrow-up9·1 month agoNothing backs US currency? I’d argue the US military backs the US dollar.
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkarrow-up5arrow-down2·1 month 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.