Arnon Grunberg: No Gold for Cryptocurrency

Posted by admin on Wednesday, April 29, 2015

Arnon Grunberg Money Quotation saying cryptocurrency proving that we must trust a currency, regardless of whether it is backed by alternate currencies. Arnon Grunberg said:

The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency
— Arnon Grunberg

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