@bluebox I see your point and I complete understand your view. I’m never here to fight but to gain experiences, Knowledge, and see other people views. So your view does make sense. Yet Fiat does not have backing anymore also.
Let me explain it as short and clearly as I can. If you want me to go deeper I’m always up for a great learning conversation. Anyways to prove that I’m not looking for an argument and more other people views and seeking knowledge I happy to share my views, opinion, and knowledge. So, I am a 28 year old Male with a wife two kids, renting an apartment and finally got a job that I hope I can advance in as it is in my field doing Integration/development for a logistic company. Also my Wife (Married for one year as of March 10th) has a job in her field also. I do have my degree in Software/Game Development. With that said now you know i’m not looking to spark a fight.
Continuing Fiat (AKA CAD, USD, EUR) are not back up by “GOLD” or the amount of gold a country obtains. It based of a debit system, as in how much that country is deemed worth based on the country has. So your somewhat right there. As “Crypto Currency” does not have a foot to stand one.
In my opinion they do, well the “real” coin anyways. What I mean is the coins that are out proving, advancing, innovating, and solving the problem a Digital Currency if trying to replace Fiat. Giving us the power back to control our own money and gain in ways you can’t with a bank. (that another topic using as example). To me they do have backing. What well the innovation as in “what can the Litecoin/Feather Coin project can do to make the current system better”. Like keeping transaction private or able to prove that a purchase took place did take place and much more. It’s the advancement in the coin itself that makes the coin valuable. to me anyways. It not about who’s supporting it but why they support it.
I hope this makes you take another look with an open mind at the real Crypto Currency Coins. Let me know if you want to hear more.
Sorry for any of my grammar mistake that maybe in here. Having A.D.D and all.