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RE: Bankers and their Magic Tricks

in #cryptocurrency6 years ago (edited)

Hi, i liked your little history lesson, it's always good to know where we come from. I'd like to through in a thought i haven't developped into a text properly yet, but that fits well to your elaboration, as it deals a lot with backing: Isn't in that regard crypto the logical next step from the current banking system. As it is backed against absolutely NOTHING, it is the real fiat money, because it rejects having any underlying.
In contrary crypto expresses much better, what money really is, which isn't about any commodity backing, but is all about trust, acceptance, denominability and resilience?

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