RE: Russia and China will start a gold backed crypto currency and at that point Bitcoin will look like the giant Fiat currency that it is more than ever. Your Bitcoin, that is unbacked by anything physical such as Gold, oil, wheat, farmground,

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Russia and China will start a gold backed crypto currency and at that point Bitcoin will look like the giant Fiat currency that it is more than ever. Your Bitcoin, that is unbacked by anything physical such as Gold, oil, wheat, farmground,

in unbacked-fiat •  7 years ago 

Exactly. Fiat Paper money is at least ink and paper held in your hand. Crypto is totally fiat.

unbacked-fiat
7 years ago by

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