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Topic
Board Beginners & Help
Re: Hi! BitCoin Fully Decentralized Hard Asset Backed Bank!
by
laffenlarry
on 07/04/2013, 22:04:15 UTC
A Great Example from a resent email question.


Question: Are you guys talking about like Star Trek's Latinum?

Answer: Yes, you could say that.  Where in Star Trek you hear and see episodes where no money is exchange, but there are Federation Credits.

You will see throughout the shows though that there is still a standard that applies 'outside of this federation'; and that unit they use is Latinum.

We see it much the same way: Bitcoin is a System and a Unit of Exchange, payment or transfer (Much like the Federation Credits System); but the Real Money is still in the latinum; You may remember always hearing the Ferengi say: "NO, We Demand Latinum".

We hope this has answered your question!