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>also, why would I want gold/diamonds/seashells/feathers/arbitrary-relatively-useless-material backing a currency? To limit volatility. Bitcoin has been 5X mor
by rhino369 12y ago
>also, why would I want gold/diamonds/seashells/feathers/arbitrary-relatively-useless-material backing a currency?
To limit volatility. Bitcoin has been 5X more expensive and 1/10X the value in the past 3 years.
It is a stupid idea, but less stupid than bitcoin.