Oh, gosh! Now I see how much I don't know about this subject. I still believed money were backed by gold. Great explanation for the cryptocurrencies, especially for someone like me that didn't took an interest in this. It seems that everyone will have to, though, sooner or later.
You've put the information into a language that I can understand and then transmit it to others.
So, thank you! I learned something today.
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Thank you for your kind words! I'm happy that you liked my post and learned something new.