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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,

in #unbacked-fiat • 8 years ago

Hmmm.... so then if not a fiat currency what is bitcoin backed by?? if it is not backed by a tangiable object such as gold or silver then how is it not fiat?

8 years ago in #unbacked-fiat by
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