Post
Topic
Board Economics
Re: If Bitcoin was backed by Gold, how would it change its adoption?
by
spazzdla
on 07/05/2014, 19:45:23 UTC
Apparently, one altcoin already has precious metal backing:

https://bitcointalk.org/index.php?topic=598224.0;topicseen

This will fail hard, google the liberaty dollar.  That is exactly what is going to happen, MERICA physically can't go kill the owner of bitcoin because their isn't one.  Merica is just going to go steal the gold and silver from whoever is holding it to back the crypto, zero questions asked.  They use the word terroism and everything is a green light.