Originally Posted by
Tippit
Existing currencies are backed by nothing but fraud and violence. The assets that the Fed has acquired were purchased via fraud, and the sellers were typically rewarded with 100 cents on the dollar where the assets were worth a fraction of that.
The decentralized nature of bitcoin is a feature, not a bug, to people interested in it. Obviously you are not one of those people.
How the Fed came to acquire it is not within the scope of the issue.
You have now refuted your own claim of fiat money having no source of value to back it.
This is where the tapatalk signature that annoys people used to be