Bitcoin is backed by the same thing as gold: the physical laws of the universe, not the laws of men
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same the by is as not men gold: the thing the physical laws of universe, the of laws Bitcoin backed
this is true but sooo hard for lay people to understand. they think the internet is magic and therefore Bitcoin is just magic internet money.
it's like how people didnt understand rain before it was studied from a physical science perspective. They didn't know why it falls, when it falls, what it is, where it comes from. they just know it falls from the sky and waters the crops. They think they can manipulate the magic of rain with dances and rituals.
Bitcoin is backed by the same thing as gold: the physical laws of the universe, not the laws of men
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