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IPFS News Link • Bitcoin

Bitcoin Better Than "Military-Backed"-USDollar, Rapper Akon Says

• by Marie Huillet

In a radio interview published on Sept. 10, Akon lambasted the perception that fiat currencies are any less vulnerable to this same critique, arguing that:

"Nothing backs the dollar. The U.S. doesn't have natural resources that back the dollar. What they do have is the military."

People give cryptocurrency value, not governments

Akon - who has twelve Billboard Top Ten Hits to his name, including the popular single "Smack That" - spoke out during the interview in favor of decentralization and trustless blockchain-based mechanisms that underpin the value of cryptocurrencies.