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I think you have a point here. Money is a medium of exchange (check) and a store of value (?). Fiat currencies are backed by the country of origin. Monetary pol
by kaa2102 13y ago
I think you have a point here. Money is a medium of exchange (check) and a store of value (?). Fiat currencies are backed by the country of origin. Monetary policy for each respective currency is managed by their Reserve Bank. Who or what backs the full faith and credit of the Bitcoin? Which individual or governing body sets the supply of Bitcoins?