bItCoIn iS nOt BaCkEd By AnYtHiNg 🤡 It's backed by the energy needed to produce it. This acts effectively as a floor for price.

MacroMicro

Bitcoin - Average Mining Costs | MacroMicro

Through observing consumption of electricity and daily issuance of bitcoin, provided by Cambridge University, we can find out the average mining co...

What's it called when I no longer think of "buying bitcoin", but now think "selling dollars"? Is this some weird form of autism? (Thanks @jack mallers for educating about "getting on zero" with @strike)