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I love how you refer to old traditional money (fractional reserve banking) backed by states with military power as bogus money, in regards to Bitcoin.
by ethor 6y ago
I love how you refer to old traditional money (fractional reserve banking) backed by states with military power as bogus money, in regards to Bitcoin.
- MadSudaca 6y agoIn the end everything is backed by our ability to kill each other. Bitcoin as well, because equipment needs to be somewhere and it must be protected. However, it's bogus because more can be created at a whim, as we've seen in the last months.