|
yes, we are using digital now. the problem is not that it's even backed by nothing, beacuse even gold is backed by nothing else than faith in my view. the problem currently our digital is still fiat, I have very little trust in the system that can inflate zeros at the end at it's will, creating more value by devaluing current value =)
that is why I see bitcoins as an elegant solution which I don't mind being adopted on country/global levels. it can't be inflated and it is cost effective value transport system.
digital backed by gold - I can't see it happening and being an 'honest' system. it will be manipulated same way as fiat money or what we see with 'virtual' gold/silver markets - where you buy piece of paper which says you own some amount of gold but in reality that same gold was sold to 100s more people at the same time.
|