WebBacked means redeemable for something, USD backed by gold means 1 USD can be redeemed for a fixed amount of gold. Forcing people to use it does not give it backing, it simply creates artificial demand for an unbacked paper currency. WebMar 4, 2024 · In an op-ed published with CNBC on Wednesday, Armstrong made his usual case for why the United States should be more welcoming to crypto, in order to not drive the industry offshore. Doing so would have myriad negative consequences that can be roughly summarized in three points:
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WebMay 3, 2024 · Cloud Mining Crypto Isn't Worth it, And Here's Why! By Wantandable PassiveIncome 3 May 2024. $16.65. In my never-ending quest for passive income I have repeatedly come across "cloud mining" being touted as a great method for getting your hands on more crypto without any work. At first cloud mining sounds amazing and … WebOct 14, 2024 · "Cryptocurrency is not supported by anything as yet. It may exist as a … ray my chemical romance
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Web0 Likes, 0 Comments - Crypto Currents by Crypto Crows Crypto Educator (@cryptocurrentsnews) on Instagram: "Contrary to popular belief that cryptocurrency isn't ... WebJan 22, 2024 · People often say: “bitcoin can’t be money, it isn't backed by anything.” This is an old way of thinking that originated with paper money. Prior to paper money, people used precious metal coins (such as gold) because they maintained strong monetary properties: scarcity, durability, divisibility, portability, fungibility, and acceptability ... WebDec 17, 2024 · Powell also said that crypto not being backed by anything creates issues for consumers who “may or may not understand what they’re getting.” This statement by Powell follows his September... rayna 44369110 boots fred meyer