@Bkozelka29 Backing isn’t necessary for a currency (money substitue) what’s nece

@Bkozelka29 Backing isn’t necessary for a currency (money substitue) what’s necessary is ease of use, widespread use, stable purchasing power, and insurability. The problem with crypto is that by trying to do without an insurer of last resort (the state) it’s uninsurable. To function as a money substitute instead of a risky investment vehicle such digital currency must be open to increasing in supply, and open to insurance by insurer of last resort, while maintaining the impossibility of involuntary transfer of one’s stored value.