Comment: Peter Schiff said something

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Peter Schiff said something

Peter Schiff said something that got me thinking. Is there some way to back a digital currency with the value of technology? Not like Bitcoin is backed only by its own value as a unique medium of exchangs, but something with more recognizable value that is also digital, like ebooks, heavily used productivity software, or even something like the value of http technology. I don't know how any of that would work. I'm just saying that we've already gone beyond recognizing only physical goods as having value and have put high value on virtual goods and ideas, trademarks, services, and contracts, so there's got to be some way of using such virtual goods to back a currency. We have so many service businesses nowadays that don't produce any physical product but provide value that may stand the test of time.

I guess it's like the stock market and such, or derivatives? I don't really understand much beyond stocks.