Bitcoin is backed by a secure network, math, energy and cryptography you 'nonsense facts'
A centralized government crypto'will fail just after its creation. You don't even know how bitcoin works. CLOWN
A secure network means NOTHING in itself, if something useless is stored on it. I could put " Hard Facts Coin " on a secure network, and it would still be worth zero.
I could make " hard facts coin " based on math, and it is still worth zero.
People waste a LOT of energy and time on things that are worth nothing. Wasting energy on useless math does not create value, it is a waste. I could make my " hard facts coin " use the entire output of a nuclear plant to create, and it would still be worth ZERO.
An INFINITE number of crypto currencies could use Cryptography, math, energy, block-chain, and secure networks, that does not give them all any value.
I know exactly how bitcoin works, I know how bubbles and manias work also !!!! The sad fact for you is that you do not know how MONEY works 🤣🤣🤣🤣 Zero backing makes bitcoin just like fiat, but worse... Fiat is bad, and always goes to zero, At least fiat is backed by a country, bitcoin has zero backing.
Hard Facts