Quote #73,023

“I do not understand where the backing of Bitcoin is coming from. There is no fun…” — Alan Greenspan

I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
Alan Greenspan
Alan Greenspan Economist • American
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Government Money Trust

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