@ooli2@lemm.ee to World News@lemmy.mlEnglish • 2 months agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square149fedilinkarrow-up1533arrow-down111
arrow-up1522arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.net@ooli2@lemm.ee to World News@lemmy.mlEnglish • 2 months agomessage-square149fedilink
minus-square@mortemtyrannis@lemmy.mllinkfedilink9•2 months agoNothing backs US currency? I’d argue the US military backs the US dollar.
minus-square@technocrit@lemmy.dbzer0.comlinkfedilink3•2 months 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.