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Message
re: .
Posted on 9/15/17 at 7:48 am to Bass Tiger
Posted on 9/15/17 at 7:48 am to Bass Tiger
quote:
It won't be long, Bitcoin and the other cryptocurrencies will be dealt with. You actually think the Global Banking system is going to allow true competition to frick up their fiat currencies? Come on man.
Not sure if you are serious or not but crypto currency is the absolute definition of fiat currency. There is literally nothing backing the value of the currency.
True currency is backed with something of value that is inherent like gold, silver, etc.
1
Posted on 9/15/17 at 7:53 am to notsince98
quote:
value that is inherent like gold
i'm not sure gold has had much inherent value for a long, long time. it's relatively rare, but not all that inherently useful these days (and, compared to the "golden age," there are many alternative materials).
This post was edited on 9/15/17 at 7:56 am
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