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Crypto currency is fiat currency... Prove me wrong
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[quote:Anonymous Coward 78349802:MV80NzA4MTk1Xzg1NzE3NjI2XzRBMURCQjY0] [quote:Anonymous Coward 79383457:MV80NzA4MTk1Xzg1NzE3NDM5X0MwM0Q0M0RB] dollar is backed by it's people, the treasury, the Government, the military backed by exchange rates, Treasury notes and foreign exchange reserves as long as USA will be an independent country, the dollar is here to say whether you like it or not [/quote] Worst case scenario is it will lose value even quicker and there will be a digital dollar based on the technology. But that's pretty bad. Bitcoin and all the other casino tokens will never be adopted by any nation as it's own currency like the idiot maxis think. [/quote]
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Fiat money is any money that is accepted by a government for paying taxes or debt, but is not pegged to or backed directly by gold and other valuables. Fiat money does not have significant intrinsic value or use value. Wikipedia
Plus quantum computing will break the sha256 algorithm encryption soon enough.
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