Currency is only as good as the collateral that is used to back it. Understand that and you can understand how silly bitcoin actually is as the collateral for that currency is nothing more than a mathematical algorithm prosecuted and perpetrated by computers. How can a computer doing math be collateral for a currency? Currency needs to represent the value of society, economy and humanity. Bitcoin is the opposite of that. Think about that and you’ll maybe start to think about currency in a different way.
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The views expressed here are solely those of the author in his private capacity and do not in any way represent the views of dough inc.
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