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Government debt getting downgraded, thankfully Bitcoin backed only by math

SEPTEMBER 25, 2017 | by Jacob J | THE COINTELEGRAPH

By “Jacob J,” includes “… Today, the US dollar, like all fiat currencies, is solely backed by the “full faith and credit” of the nation’s government. Clearly, this “faith and credit” isn’t what it used to be. Misguided government policies can result in the value of fiat currency depreciating rapidly. Thankfully, Bitcoin is backed by math and nothing else. …”

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