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Only 2 things can back currency: hard assets/commodities, and a guarantor (like a government). Right now Bitcoin is more like a security as all its worth is sp
by Mikeb85 9y ago
Only 2 things can back currency: hard assets/commodities, and a guarantor (like a government). Right now Bitcoin is more like a security as all its worth is speculative and based on trading, it's not backed by anything tangible.
- dmichulke 9y agoWho guaranteed gold before 68? Does or did that make Gold a currency?