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clock Created with Sketch. 11/12/17
21:47
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Originally posted by seeker88
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Curious question? If banks created their own 'bitcoin' and issued it this would compete with the real Bitcoin which is backed by nothing. Right? FIAT currencies are backed by nothing (but were by gold once pre Nixon) plus Venezuela is backing something with oil and the yuan is going to be traded for oil instead of gold or via the US $. So what would happen if unlike Nixon, Trump actually return to a gold standard to back the FIAT currency and Europe did the same in an attempt to smash Bitcoin. I figure they are thinking we either join them or beat them at their own game? Any thoughts pls.
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Behind the vale of smoke and fog is a brick wall that Bitcoin buyers lead out by the greedy bankers are running headlong into..... Que the ambulance & sirens..
