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<blockquote data-quote="catstalking" data-source="post: 5780369" data-attributes="member: 50268"><p>you're misunderstanding, it's not that gold itself is bad, it's that the very concept of backing anything with something else is fundamentally flawed</p><p></p><p>trading physical gold, while inefficient, was a good and fair system</p><p>trading Bitcoin is efficient, while also being a good and fair system</p><p></p><p>"backing" fiat paper with ANYTHING is literally inviting bankers to destroy you with fractional reserve banking</p></blockquote><p></p>
[QUOTE="catstalking, post: 5780369, member: 50268"] you're misunderstanding, it's not that gold itself is bad, it's that the very concept of backing anything with something else is fundamentally flawed trading physical gold, while inefficient, was a good and fair system trading Bitcoin is efficient, while also being a good and fair system "backing" fiat paper with ANYTHING is literally inviting bankers to destroy you with fractional reserve banking [/QUOTE]
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