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Topic: Why are people running around saying Bitcoin is intangible / not backed? - page 3. (Read 5351 times)

hero member
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Hello world!
legendary
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Merit: 1001
I just saw the Félix Moreno de la Cova interview with James Turk, and both of them keep repeating this meme that there is nothing backing Bitcoin.

To me, this is completely wrong. Bitcoin could be seen as a public ledger that tracks ownership of a digital good. In this light, what backs Bitcoin is the collective consensus, plus the physical copies of the blockchain.

I reject the notion that Bitcoin is intangible.
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