National currencies previously handled usually gold or silver, now - TopicsExpress

National currencies previously handled usually gold or silver, now GDP. Theoretically, you could go to any bank in the country, and to exchange their paper money for gold equivalent and vice versa. Bitcoin is not backed by anything, its pure mathematics. Anyone in the world can run the script mining bitcoins on your computer and feel like a mini-Central Bank. Source code of the script published in the clear, everyone can see how it works.

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