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RE: Where Does The Money Come From? - Ben's Reply
Whenever I'm asked about crypto, always Bitcoin, the question they usually ask me is: What is backing Bitcoin? And I always tell them that it is backed up by math and that is way better than the state or gold.
I get the same questions. I always chuckle inside because they have no clue as to what USD is backed by, but they will typically agree (at least in my circles), that there is no gold backing our money. My question is always, "what backs gold and why?"