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Author Topic: The Last Time The US Believed in Bitcoin  (Read 758 times)
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March 22, 2013, 03:27:24 PM
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I believe that was one of the last Silver Certificates. It’s the last time the US believed in a currency with limited resources. One that couldn’t just be printed off in unlimited numbers.

http://www.adaptiveglass.com/?p=645


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March 22, 2013, 03:35:45 PM
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The difference is that you can devide bitcoins into smaller units. And how is a currency that you can print at will a good thing?
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March 22, 2013, 03:42:59 PM
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The difference is that you can devide bitcoins into smaller units. And how is a currency that you can print at will a good thing?

You can do the same with that silver backed dollar,  half-dollar , quarter, dimes, nickles, cents.

The difference is back then,  it appeared the US believed in a limited Currency,  something where there was only so much of X behind it.    Just as now there are only so many bitcoins out there.

Bitcoin today is pretty much based on that silver certificate (granted you have to remove the technology differences of 100 years)

Silver was limited in amount available
Bitcoin is limited in amount available

Both are divisible down to smaller units

Both were not able to be printed off at will








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