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RE: Russia and China will start a gold backed crypto currency and at that point Bitcoin will look like the giant Fiat currency that it is more than ever. Your Bitcoin, that is unbacked by anything physical such as Gold, oil, wheat, farmground,

in #unbacked-fiat7 years ago (edited)

The fiat crypto crowd is going to find out the hard way when a gold backed crypto steals the show. The fortunate will have gold backed. The unfortunate will have fiat. Backed by nothing.

The world bankers created the UN.
The internet was handed off to the UN.
Then the UN comes out and says they want Bitcoin.
Crypto travels on the UN internet highway.
The cryptos tanked the other day while you and i were locked out as the exchanges were down Via the UN internet highway. The Big bankers were selling in mass and caused the market to tank. Not you and i as we were locked out..
The world bankers and the UN want total control through a cashless population.
It is really not that hard to figure out.

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So in other words, you have no source to cite to back up your assertion and you have a different definition of fiat than everyone else does.

Cool story bro.

I spelled it out for you. What more proof do you need. Go do some research on what i listed . And do not be a Snope dope.