Post
Topic
Board Bitcoin Discussion
Re: What to say against the claim "backed by the state/bank"
by
WiW
on 30/03/2013, 15:34:03 UTC
I would say that not being backed (i.e. controlled) by any government or central bank is one of the essential advantages of bitcoins. The idea is to get away from state and institutional control not towards it.

Regardless, my point is that neither is backed.