https://www.pymnts.com/cryptocurrency/2019/trump-speaks-out-against-crypto-calls-it-based-on-thin-air/
Perhaps as President of The United States, he should know what is backing the US Dollar. NOTHING. We have been off the gold standard for over 100 years. US Dollars are not printed by the government but by a privately owned bank called The Federal Reserve Bank. Their name is on all the money. The money is in fact not money but fiat currency. It is an I.O.U. from the Federal Reserve Bank. They do not have and have never had anything to back their I.O.Us the USA left the gold standard before the FED was even created. Yes, Mr. Trump crypto is not backed by gold, it is backed by the electricity used to mine it and the functionality it provides. Cash is still the number one currency of criminals worldwide. That's right Trump, USD is the number one means of transfer for criminals, not Bitcoin. You should ban USD.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!