🇺🇸 US Senator Elizabeth Warren says "with #Bitcoin, there's no thing that backs it up…It's just belief."

Apr 2, 2023 · 9:41 PM UTC

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Replying to @WatcherGuru
Kind of like all her presidential runs. Backed by nothing. Just belief.
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Replying to @WatcherGuru
Fiat 🤝
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Replying to @WatcherGuru
Has she heard of the US Dollar? 😂
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Replying to @WatcherGuru
I think she just described fiat 🙃
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Replying to @WatcherGuru
🤡
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Replying to @WatcherGuru
I mean really when was the last time the gold reserves were audited and by who? Where’s the transparency? Fiat is still a trust based system.
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Replying to @WatcherGuru
Hate to break it to her
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Replying to @WatcherGuru
She’s describing fiat 😂
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Replying to @WatcherGuru
Bitcoin is backed buy tangible hardware and energy in the physical world. Elizabeth is completely ignorant
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Replying to @WatcherGuru
Cool, now do the US Dollar Liz.
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Replying to @WatcherGuru
What it's backed up by is blockchain. There is no party that can print any amount they want at anytime.
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Replying to @WatcherGuru
Best thing we've heard this week 🤣🤣🤣🤣

ALT Laughing Lol GIF

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Replying to @WatcherGuru
She’s right… can’t just print infinite amounts of BTC like you can FIAT
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Replying to @WatcherGuru
please forgive her guys, she was born in 1949, she still thinks the US dollar is backed by gold.
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Replying to @WatcherGuru
🤦.
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Replying to @WatcherGuru
She is speaking about the dollar
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Replying to @WatcherGuru
Bitcoin is backed by technology, code, and millions of people who believe in it. US dollars and other Fiat Currencies are backed by nothing but Trust established by tyrannical governments.. See the difference?
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Replying to @WatcherGuru
Like theres nothing that backs dollar up then?
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Replying to @WatcherGuru
Like the US dollar? 🧐
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Replying to @WatcherGuru
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Replying to @WatcherGuru
sounds like fiat
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Replying to @WatcherGuru
Can she first learn and understand crypto before running a political campaign against it, desperately grasping at straws to get support from the people that aren’t onboarded yet? She’s just rugging her supporters
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Replying to @WatcherGuru
What's the dollar backed by? asking for a friend
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Replying to @WatcherGuru
she was perfectly fine with Crypto when she got donations from #SBF. Now crypto is bad? 😂
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Replying to @WatcherGuru
Bitcoin, on the other hand, is absolutely scarce. The number of bitcoin in circulation will never exceed 21 million. What is with dollar, it is backed BY NOTHING. GOV backed sure you just print out of thin air. YOU CANT PRINT BTC. And that is the reasons you pushing regulations so hard.
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Replying to @WatcherGuru

ALT Dummy Feeling Dumb GIF

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Replying to @WatcherGuru
It is mindblowing to see people of power with so little understanding of technology advancements. Wonder why they’re not all still riding horses delivering letters to one another.
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Replying to @WatcherGuru
Now tell me what backs up the US Dollars
🌋🌋 Deep₿lueCrypto 🌋🌋
@DeepBlueCrypto
18 Mar 2023
Replying to @DeepBlueCrypto
#FederalReserve hasn’t been audited for 110 years ever since it’s creation, but they want to audit $600 of your transactions. Transparency is one way.
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Replying to @WatcherGuru
FIAT be like:

ALT Kto Kounotoritoken GIF
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Replying to @WatcherGuru
Sounds like another currency I know...🤔🤔🤔
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Replying to @WatcherGuru
So she not only doesn't know how the network works.. But she doesn't understand how markets work either lol.
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Replying to @WatcherGuru
A lot to disagree with here, but rooting the argument on the "belief" system is such weak footing. With inflation (+ govt. money printer), USD loses value over time, regardless of what we 'believe' the value to represent. The US dollar has lost 43% of it's value since 2000...
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Replying to @WatcherGuru
keep goin’ queen
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Replying to @WatcherGuru
Elizabeth Warren is a dinosaur.
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Replying to @WatcherGuru
What’s the Dollar backed by ? GOD !😂
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