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Bitcoin Forum > Economy > Economics > Best Replacement For USD Is A New Non-Currency Resources Certificate Paper
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NotATether
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August 22, 2024, 08:29:28 AM
 #21
A resource certificate paper is going to be much more volatile and most fiat currencies, depending on the resource you are using for backing. Oil in particular will make OPEC very happy as they can become richer simply by producing less oil to the market. So it is a very bad idea. It will be a logistical nightmare too. Why re-invent the wheel when there is already Bitcoin?
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