Post
Topic
Board Bitcoin Discussion
Re: People need to stop calling Bitcoin "a virtual currency"
by
666uazan
on 06/07/2014, 20:23:46 UTC
The US dollar is also a digital currency, by the way.

Actually in money supply terms M0 (the total of all physical USD coins and and bills in circulation) is only a fraction of the total money in existence. The Fed has stopped reporting on the M4 numbers so we don't actually know how many dollars there really are, but it is accurate to say that the vast majority of USD only exit as digitial information on some computer.