Archived Bitcoin Price Hits Five-Week High Above $10,000 (coindesk.com)
submitted ago by toobaditworks
Posted by: toobaditworks
Posting time: 1.1 years ago on
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Archived on: 1/25/2020 10:00:00 AM
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Archived Bitcoin Price Hits Five-Week High Above $10,000 (coindesk.com)
submitted ago by toobaditworks
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[–] Tallest_Skil 1 point -1 points 0 points (+0|-1) ago
[citation needed]
No... fiat is currency by mandate. Crypto is currency by mandate. It is not a store of value. It has no intrinsic worth. Just like the pieces of cloth in our pockets.
No, that’s not what money is. Words have definitions.
All of which are useless when the power goes out.
So maybe do some research on a topic before pretending to know about it.
So... FIAT.
So... fiat by proxy. Or double fiat, however you want to look at it.
Now there we go. You show me the ones that are, and I’ll show you an actual claim check to real money. What the US dollar used to be.
I learned that you claimed that some crypto is gold backed. I’d like to hear more about those.
[–] toobaditworks [S] 0 points 1 point 1 point (+1|-0) ago
Here's a few articles on these:
https://www.coindesk.com/australias-gold-mint-is-backing-a-crypto-token-on-ethereum
https://www.coindesk.com/coinshares-blockchain-launch-gold-token-network-on-a-bitcoin-sidechain
https://www.coindesk.com/paxos-launches-gold-backed-cryptocurrency
Here's another: gold-backed KaratGold Coin (KBC)but it's being investigated in Florida.
https://www.coindesk.com/gold-backed-crypto-tokens-promoter-investigated-by-florida-regulators