Re:Bitcoin Exchanges Under ‘Massive and Concerted Attack’
by dnautics on Wednesday February 12, 2014 @03:06AM
(#7223145)
Not entirely true. Gold is a good choice because it's chemical properties make it fungible, durable, and easily verified (using low tech touchstones). These properties reflect themselves in bitcoin. As for why it's more responsible to have a commodity backed currency, it's because the exchange rate is set by statute and any legislator that messes with it is potentially accountable to the downstream effects.
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