People often rant and rave how Bitcoin and cryptocurrency isn't actually worth anything. As a little reminder; Federal Reserve notes (normal dollars in your wallet) are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. (same year the securities laws were drafted)

Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States SECURITIES.

The US Dollar isn't backed by anything more than the goods and services moving in the economy.

At least the Blockchain backs cryptocurrency a fully integrated and new technology that will change the world.

United States Notes were redeemable in gold until 1933.