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Economics
Re: Ron Paul Doesn’t Believe Bitcoin is “True Money”
by
FalconFly
on
07/05/2014, 06:23:08 UTC
Quote from: bitsmichel on May 04, 2014, 12:03:27 PM
US Dollar is not backed by gold, but by policy.
Bitcoin is at least backed by mathematics
I would rephrase that :
Quote
US Dollar is only backed by central banking policy and US military.
Bitcoin is only backed by its cryptographic code.