You are viewing a single comment's thread from:
RE: Money Is Only Backed By Faith
Yeah that's true. In regards to it being backed by the government though, it's run by the federal reserve which isn't the government even. It's definitely backed by debt though
I like the idea skycoin has for a decentralised internet with a crypto on it... One could have faith that no country could be monetarily attacked like Venezuela was. With a world wide crypto currency on a decentralised internet that would be very difficult to shut down or censor ...
Yeah absolutely!