2018-9-3 16:00 |
Bitcoin is digital gold for a digital generation. Libertarian proponents of cryptocurrencies, like America’s Founding Fathers before them, argue that fiat currencies are nothing but Monopoly paper: Why does fiat cash have value when it’s not backed by any real asset, such as gold or silver? In 1786, Thomas Paine wrote: “Gold and silver are the emissions of nature: paper is the emission of art.
The value of gold and silver is ascertained by the quantity which nature has made in the earth. ” He added, “But the evils of paper money have no end.
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