Bitcoin, Dogecoin and Other Cryptocurrencies as Fast as Possible

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Bitcoin, dogecoin and other cryptocurrencies are alternatives to more traditional currencies like bank notes and precious metals.

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19 COMMENTS

  1. The term is "Fiat Currency". Gold (or any metal for that matter) standard doesn't work because you cannot cut a gold atom into small pieces with the sheer volume of currency needed to the support the current economy.

  2. What I find hilarious is the people saying, "well, Bitcoin has no value! it's [practically] worthless!" and yes, that is very true – bitcoin has no practical value in the real world (it's also not even tangible) but so does paper/note currency.
    If for whatever reason your economy took a nose dive into an abyss, those paper bills used to exchange for goods and services would be practically worthless with the exception of kindling a flame.

    Gold, silver & other precious metals on the other hand are valued by every civilization on Earth and also have practical value as well.

  3. last time i checked (i could be wrong here) but the government has the bit coin wallet of the owner of website silk road (black market website that they shut down). and they can't get into it. so i'd say its pretty safe.

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