Category: News

Why some Cryptocurrencies are the best replacement for Fiat money

01.11.2019
Introduction Back in 1971 Nixon severed the last of the ties of gold to the after that fiat currencies. After the Nixon shock, the dollar stopped being as good as gold. And because all other currencies were backed by the dollar, it being the world reserve currency, that decision did not only create a fiat dollar but in effect made all currencies worthless. Worthless in the sense that where they used to represent value, they now represent the...
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