Post
Topic
Board Economics
Re: What do you think about this "Bitcoin-backed money" idea?
by
mkc
on 15/05/2016, 05:48:44 UTC

Don't see why this is necessary, and what is the reason doing this, since bitcoin itself probably easier to transfer than the paper. In old days, transport a ton of gold from north to south is prohibitive, but bitcoin is very easy.

I agree, from my understanding of the history of paper currency, it was started as way to help out the trades. Bitcoin itself is super at this.