It is not a meaningless phrase. You need to think further ahead. When everyone is using coins that need to be mined, the value of the coin equals the energy it takes to mine the next coin. Each coin represents energy. Fiat does not represent energy. Energy is always in demand.
A little bit of respect and edict goes a long way, Jal. I contributed an answer to your public question. You then decided to ridicule, misrepresent, and then repost a strawman of me. I don’t engage with people of this quality. I’m always interested in learning and discussions.
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If ur done calling down my character... U have brought ur economic rank into the dialogue...how can u assert that I can exchange bitcoin into what it is backed by...energy?
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All I’ve tried to say is that btc is different from fiat in its “indirect” or “closer” connection to energy. I misused the word “backed”. You got me... This type of arrogance is what turns people off from the entire industry.
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My first respond to u was u aren't using correct definitions. U retort u have an economics degree. How can I address anything u say if u are using ur own definitions while implying\asserting they are standard?
End of conversation
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