US currency is backed by the government, a mortgage is backed by property. In my... | Hacker News

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		cmiles74 on Feb 23, 2022 \| parent \| context \| favorite \| on: U.S. Secret Service Launches Cryptocurrency Awaren... US currency is backed by the government, a mortgage is backed by property. In my opinion, "physics and math" do not provide the same kind of underlying value as a government or real estate.

aaaaaaaaata on Feb 24, 2022 [–]

Then why has no government currency ever been perpetually valuable?

mlac on Feb 24, 2022 | [–]

Bitcoin will not be perpetually valuable. No cryptocurrency will be.

Forever is a mighty long time.

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