Post
Topic
Board Bitcoin Discussion
Re: I'm a sceptic, convince me!
by
knight22
on 02/02/2015, 03:15:27 UTC
Pure force only. But I'm not here to defend the dollar. Paper money wouldn't exist in a free market either. Only paper currency, backed by gold (or other commodities).

The only reason to back paper currency with gold is to enforce scarcity and this method failed over and over again through history because it is too easy to cheat and manipulate. Bitcoin solves that.