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A comment on Dutch official calls for complete ban on Bitcoin. Parent comment
It's a bit of a weird situation. Normally when a currency is legal tender and not fiat it's backed by a physical resource, like gold or silver.
But here it's only backed by software and people agreeing that it has value. Kind of puts bitcoin in its own unique category.
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It's a bit of a weird situation. Normally when a currency is legal tender and not fiat it's backed by a physical resource, like gold or silver.
But here it's only backed by software and people agreeing that it has value. Kind of puts bitcoin in its own unique category.