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RE: #Discussion: Is Bitcoin In A Bubble? Or Not?

in #discussion7 years ago

2- Bitcoin Is Not Backed by Anyone

This is such an arrogant statement. Bitcoin is backed by the people. In fact, the philosophy behind bitcoin is that it should not be under the control of any central government. This is an advantage to BTC not the opposite.
In addition, the accounting side of bitcoin is more secure and transparent than any financial institute.

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