Thoughts on this? Now, with Elon Musk forming a new political party, the focus is upon the leading cryptocurrency.
Probably something for discussion or not – controverse thinking for crypto minded folks like me but maybe not totally wrong.
SShiney on
It doesn’t need to.
Just needs to be pegged to an equal weighted gold/btc standard
steepleton on
well you wouldn’t want it too, that’s for depreciating stable coins falling with the dollar.
bitcoin is supposed to be better than the dollar because you can’t keep printing it
AgitatedDragonfly769 on
US dollar will be replaced by tissue paper don’t worry
JH272727 on
I don’t want btc to replace the dollar. I’d like to dollar to be backed by btc.
shadowmage666 on
Nope but it will definitely be a backing treasury asset for stablecoin issuers, who will also buy treasury bonds for their assets thus making the dollar stronger.
Catchafire2000 on
Then something else will replace it.
Disastrous_Week3046 on
No duh
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Thoughts on this? Now, with Elon Musk forming a new political party, the focus is upon the leading cryptocurrency.
Probably something for discussion or not – controverse thinking for crypto minded folks like me but maybe not totally wrong.
It doesn’t need to.
Just needs to be pegged to an equal weighted gold/btc standard
well you wouldn’t want it too, that’s for depreciating stable coins falling with the dollar.
bitcoin is supposed to be better than the dollar because you can’t keep printing it
US dollar will be replaced by tissue paper don’t worry
I don’t want btc to replace the dollar. I’d like to dollar to be backed by btc.
Nope but it will definitely be a backing treasury asset for stablecoin issuers, who will also buy treasury bonds for their assets thus making the dollar stronger.
Then something else will replace it.
No duh