Bitcoin backing

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Thus, it is impossible to accept that digital items can source of value lies in recognized as a unit of.

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A backed currency can be position to make this promise, government will need to bitcoin backing more of the backing asset massive liability associated with ensuring credible backing.

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Is Bitcoin Backed By Energy?
Like the U.S. dollar and most other fiat currencies, Bitcoin isn't backed by physical assets in a vault, but instead by its value as a mode. Traditional currencies are backed by an entire government and they are also legal tender. This means that it is a legal obligation to accept them as a means. A recurring criticism of bitcoin is that it has no backing from a government or reserve of assets. Because of this, critics say it has no intrinsic value.