{MarketingGeek}'s instagram Feed : 2019/03/14 07:46:17
#Repost @cryptoexplorer (@get_repost)
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Did you know? 🤔
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. Redeemable notes into gold ended in 1933 and silver in 1968.
BTC is just backed by math, but that’s actually not a bad thing. Like all other modern currencies bitcoin is not backed by gold or other precious commodities. In a sense, bitcoin’s value is derived from our common belief that bitcoin has value. The same is true of the American dollar, the British pound, and the European Union’s euro, as well as nearly every other modern currency.
Next time someone argues that BTC isn't backed by anything - you know what to say 😎
#blockchain #usd #bitcoin #share2steem
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🖼 Used graphics: Credits to the owner
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#altcoin #hodl #bitcointechnology #cryptomeme #bitcoincharts #decentralized #cryptomarket #monero #cryptoworld #cryptocurrencies #bitcoinsallday #bitcoinnews #cryptoexplorer #blockchain #cryptocurrency
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