3rd January 2018, 9:00 PM
(29th December 2017, 2:30 AM)Ryeiysku Wrote: Cryptocurrency is backed by everyones money not just a word.
That's not a backing; that's market value. Market value can fluctuate. It can also drop to nothing very quickly.
In 1946, the (unbacked) Hungarian currency dropped in value so fast in two months, that all the money in circulation in the country was worth 30 cents of a dollar at the end of that period.