re: #104 Jack Burton in Mactified Forshion

Again, for the slow people in back.

If you gathered every ounce of gold ever mined in the history of the world it would be worth 16 trillion dollars.

Even in this hypothetical maximum scenario which is impossible, it’s not even enough to back the US Dollar, no less multiple countries or the entire world.

People do not like the notion of Fiat Currency. They want the value of their currency to be determined by something objective. I can understand that to an extent. Governments, to whom we are supposed to entrust the stability of our currencies, are often all too self-serving and unreliable.

But why this makes some formulae encrypted on banks of computers run by anonymous groups of hackers more trustworthy I am not sure.