Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
2Kool4Skewl
on 10/02/2014, 05:37:48 UTC

I see what you mean. Commodity-backed money. Hmm, will history repeat itself? https://www.youtube.com/watch?v=e6LWqgohO4E

The money should be backed by commodity and not the way is now.
The commodity is limited, planet earth is limited resources on the planet are limited
there is no space for infinite growth in economy.
Now the money is not backed by anything or only by empty promises in future.

+1

Debt as money = biggest scam on earth