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Author Topic: Backing has no meaning on this forum  (Read 809 times)
vector76
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July 24, 2011, 08:38:59 PM
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People on this forum in general have no idea what 'backing' means.  This word has been and continues to be used to mean anything and everything, rendering it completely meaningless.

So now there are two reasons to never speak of backing:
1. Endless, tired debates about whether bitcoin has backing or whether it should.  (This is a good reason)
2. Impossible to even discuss because the word 'backing' itself has become completely meaningless.  (somewhat unfortunate)
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July 24, 2011, 10:32:18 PM
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Perhaps, if as assets the gold being categorize in one of the precious metals by rarity and trust, found by technology in the past, witch was, perhaps, position can be change in the future, is it. With a lots of variety of currency transactions models plus with current technology it creates another models of currency currently. They compete each other, their pros and cons have. Vanish, the one who lost will.

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