Post
Topic
Board Legal
Re: Congressional Research Service Quietly Revises Bitcoin Report
by
Ibitcoinloan
on 26/07/2014, 00:34:36 UTC
Thanks great link to us gov

Congress states in their report

BITCOIN IS SIMILAR TO A GOLD STANDARD

WOW

This is from congress report thats huge news

Therefore, the supply of Bitcoins does not depend on the monetary policy of a virtual central bank. In this regard, although a fiat currency, the Bitcoin system’s operation is similar to the growth of money under a gold standard, although historically the amount of gold mined was more erratic than the growth of the supply of Bitcoins is purported to be. Depending on one’s perspective this attribute can be a virtue or a vice.