Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Is Having Its Moment But There Are Better Sustainable Currencies
by
bitsterr
on 09/07/2014, 16:43:46 UTC
Gold and silver are great for protecting your wealth but bitcoin is the best currency so far. People say we need to back digital currencies with precious metals but this is false. The reason currencies were backed by gold and silver were to make sure they held their value and were not inflated like crazy. Bitcoin already does this by having a fixed rate of supply. I can also buy gold and silver with it whenever I want.