You are viewing a single comment's thread from: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,View the full contextView the direct parentrunaway-slave (50)in #unbacked-fiat • 8 years ago Exactly. Fiat Paper money is at least ink and paper held in your hand. Crypto is totally fiat.