Quote:
Originally Posted by facialfreak
the main problem with bitcoin ... is that it's based on NOTHING!
people have backed currencies with GOLD and SILVER for thousands of years ... but a currency backed by absolutely NOTHING has no ability to instill trust in people to take it as a viable alternative to physical currencies.
1,000,000% increase of NOTHING .... is still NOTHING.
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Very few, if any countries, back their currency with gold or silver.
The United States most CERTAINLY do not back the Dollar with any gold, what so ever.