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> but the fact remains that the US has done it for 225 years and Bitcoin has done it for less than 9 years. The USD was backed by gold until Nixon, you can onl
by ric2b 9y ago
> but the fact remains that the US has done it for 225 years and Bitcoin has done it for less than 9 years.
The USD was backed by gold until Nixon, you can only count the last 40 something years against Bitcoin's 9.
- trevyn 9y agoThe USD was backed by your trust in the government to give you its gold upon demand, not an intrinsic ability to physically convert a note into gold, so nothing really changed with Nixon. Mind blown, right? :)