Bitcoin start Backing USA dollar

[Jet Cash]

The only "backing" that needs to be done with the US dollar is to give the toxic banking debt back to the central banks. It would also be handy if they gave back the assets they bought with the valueless dollar as well.

[1715649967]

1715649967

[ichsan ardi]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

I think there will be feedback, we will see that now the US has legalized BTC. there must be an advantage for them

[Polo7]

Bitcoin was created to last Long until 2030
That Long the fiat system Will last.
And for that Long need backing  its a btc.

Btc was created by the central Inteligency services
With Military grade tecolody.
To be bullet proof and scared asset with limited supply.
Btc Will continue Where gold failed.

[Reid]

Bitcoin was created to last Long until 2030
That Long the fiat system Will last.
And for that Long need backing  its a btc.

Btc was created by the central Inteligency services
With Military grade tecolody.
To be bullet proof and scared asset with limited supply.
Btc Will continue Where gold failed.

What?!
Not again.
You mean the one posting here named "satoshi" is CIA?  
That's something new for me. I didn't know he had that much spare time rather than protecting the secrets of the government.

Again with the claims without proofs. I can't imagine where you are getting this kind of ideas.
Deep Web? Too much fictional movies?

[henmark]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

BTC? No I am not believing that the government is going to be doing that. It’s true that they may be having other plans , before this time there has been some talks that the government might unveil the Fedcoin and through this Fedcoin they are going to be able to make lots of money from it. But this BTC part? Nah it’s not something that seems possible to me.

Ironically, Bitcoin is only attractive to a lot of Bitcoin owners-- probably even the majority-- because of its price in USD or other fiat. I guess it is an undeniable fact that a lot of people who flocked to Bitcoin are essentially investors. If, for example, Bitcoin's USD equivalent would fall to, say $2,000, they would be extremely disappointed even if the reality is that their number of Bitcoins are intact. They would suddenly forget that 1BTC is 1BTC still and that the supply is still very much limited and so on.

Nobody really cares how much of BTC they are holding, whether it is 1 BTC or not, they are just more into how much it is worth in dollars. If someone is holding 1BTC that they got at $2000 and it falls to $500, they are definitely going to be so worried for sure. It’s been like that since the start, it’s just the USD worth that’s attracting some of them.

[jademaxsuy]

What?!
Not again.
You mean the one posting here named "satoshi" is CIA?  
That's something new for me. I didn't know he had that much spare time rather than protecting the secrets of the government.

Again with the claims without proofs. I can't imagine where you are getting this kind of ideas.
Deep Web? Too much fictional movies?

LOL, tell telling is very easy. Yet, let just go with the flow talking about it. Who knows that this guy's speculation is right because there are reports or posts here too that bitcoin is not really he first cryptocurrency and that this type of digital currency has been use already in those agents use to travel to other countries to investigate and since bringing money with them is difficult then they use this kind of technology to transfer money without getting caught through anonymity. These are just possibilities but who knows that satoshi really are a group of military personnel who made it for their mission outside their country.

[shoreno]

Bitcoin was created to last Long until 2030
That Long the fiat system Will last.
And for that Long need backing  its a btc.

Btc was created by the central Inteligency services
With Military grade tecolody.
To be bullet proof and scared asset with limited supply.
Btc Will continue Where gold failed.

What?!
Not again.
You mean the one posting here named "satoshi" is CIA?  
That's something new for me. I didn't know he had that much spare time rather than protecting the secrets of the government.

Again with the claims without proofs. I can't imagine where you are getting this kind of ideas.
Deep Web? Too much fictional movies?

lol . i didnt even knew that its possible for usd to be backed by btc because users here seem to agree but how come when theres a debate before that usd and btc are enemy because usd is made by the government while btc is a non government and said to be made only by one person which is satoshi nakamoto .

 infact there are even alot of questions if usdt is really backed by usd when infact both of them are kinda related to each other while btc and usd are clearly incompatible

[BuNga_cute]

It would be interesting if it really could be the fact that the US Dollar will be backed by Bitcoin. But unfortunately it is impossible in my opinion,
because the volatile price of Bitcoin and Bitcoin has not been accepted in all countries in the world. These two reasons prevent Bitcoin backing
US Dollar, Moreover, the US government cannot control Bitcoin, making it impossible for the US Dollar to be backed by Bitcoin.

[EdenHazard]

Is this even a makes sense consideration?

I mean seriously? A cash-backed cryptocurrency.. that's still makes sense. But a cryptocurrency backing FIAT ? This is just new to me , convince us on how that thing could ever happen.
Bitcoin would simply categorized as a commodity if this makes sense to be realized.

[vlast01]

yes it may happen and soon more countries will used Bitcoin on making transaction due to the pandemic Fiat money has decreased it's demand because most people are doing transaction online, e-commerce are in most used today, and digital currencies is in demand and soon people will discover cryptocurrencies due to the facts that most digital banks are crypto currencies supported.

[Mauser]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

How exactly should Bitcoins be backing the USD? I don't think Bitcoin investors are interested in such a trade. Most of us here went into cryptos to escape the FIAT trap, backing the USD now would be like going backwards. The USD is fairly important is likely to be as such in the near future. But I do hope that Bitcoins remains an alternative to FIAT and USD in particular. I hope this is not happening. 

[slapper]

How can bitcoin back the USA dollar when it is one of the most volatile assets on the planet? I mean, if you need something to support a currency, at least that thing has to be stable. In the past, we used to have a Gold standard where monetary was backed by gold.

From my point of view, a strong currency like the USA does not need anything to support it. The current state of the country is more important than any other element. The dollar will be weak if a country is weak and protests happen. And the dollar will be strong if the economy is improved day by day

[jaysabi]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

This isn't even technically possible since the government doesn't control bitcoin or have a stock of bitcoin which would enable it to peg the US dollar to it.  The whole point of an asset-backed currency is that the currency is exchangeable on demand for the equivalent of the asset.  When you're on the gold standard, you could only have as many dollars as you had gold to back it up because people could demand gold for the dollars and the government would have to deliver.  That would never work with bitcoin because the government could never have enough to make this possible.

[crwth]

You know there's a reason why they have didn't support the gold standard anymore. They probably want to print a much as they can do. I doubt they would make it their backing asset for the USD. They have a hard time accepting cryptocurrency, then why expect it as their backing asset?

[nomenclatur]

if bitcoin collaborates with USD, of course, this will be an extraordinary achievement bitcoin will be one of the best investments in the future with USD will further strengthen bitcoin price stability will look better.

It is necessary to remember that USD is a stable currency and this can make bitcoin more stable for the next year. It could be that all will be better and have a higher value and have very good stability for the years to come.

[Dragonfund]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

Are you making predictions based on 2020 performance or just a conspiracy theory?
US is country that's sensitive when making decisions and wouldn't want any external body to interfere to their internal income, GDP and thier basic interests. I don't think US will back dollar with BTC but who knows, you might be right, you can't trust the government as they always move in 3 dimension without public awareness.
Another reason why I think this is not possible is because top 10 wallet that own bitcoin aren't really own by them, they have been dormant for years. You really believe US would want to do something they a don't have 90% power over? If they can manage to control 50%, US will do anything to shill Bitcoin.

[JoKleinTopper]

well, I think btc will support US dollars. at the same time, it will support money in other countries. Bitcoin is for the globe.

[jostorres]

US is country that's sensitive when making decisions and wouldn't want any external body to interfere to their internal income, GDP and thier basic interests. I don't think US will back dollar with BTC but who knows, you might be right, you can't trust the government as they always move in 3 dimension without public awareness.
Another reason why I think this is not possible is because top 10 wallet that own bitcoin aren't really own by them, they have been dormant for years. You really believe US would want to do something they a don't have 90% power over? If they can manage to control 50%, US will do anything to shill Bitcoin.

It is not about actually being capable of providing any insight into the situation, dude is about just writing as many times as he can, no idea what he gains from it but dude joined less than a year ago and has hundreds of topics started here, everyone can message as much as they want but having 250+ topics created with 900 posts means dude has managed to open nearly one topic everyday for a very long time, he just likes to start topics instead of writing on the old ones.

The reason why people do not start topics everyday like how they do in reddit or so is the fact that the ones we have are enough for us, if something new happens we start a new topic as well but that is not the case in here, so we just ignore that completely, we just focus on the ones we have in our hands and talk there since starting another topic on the same idea would be useless. Polo7 is just a troll basically.

[Fesatmas]

Why not, because along with seeing the growth of bitcoin from year to year, the United States, especially the government, cannot avoid even going against the flow of bitcoin. I am sure, even many of the government has started to have it.

[Gozie51]

It is necessary to remember that USD is a stable currency and this can make bitcoin more stable for the next year. It could be that all will be better and have a higher value and have very good stability for the years to come.

This is why bitcoin will not support USD, the volatility. Bitcoin has a crypto volatility and USD is basically fiat that is regulated by the government. USD is one of the popular and easily exchanged currency with bitcoin but I don't think it can back USD.