Originally Posted by Rich I don't really understand how someone can just make up a currency that isn't backed by a central bank somewhere. Surely the only people using it are criminals? You realise, of course, that currency wasn't backed by central banks for thousands of years?
Originally Posted by Burney You realise, of course, that currency wasn't backed by central banks for thousands of years? Gold standard.
Originally Posted by Peter Gold standard. Quite. A completely arbitrary measure of a currency’s value - just like all the others.
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