08 Feb '13, 5am

Is a gold standard commodity-backed bitcoin possible?: I like bitcoin in the sense that it decentralizes currenc...

I like bitcoin in the sense that it decentralizes currency. I would like to know though if it is a commodity-backed currency similar to the gold standard decades ago? Is it possible in the near future? As it is it seems that it is the same fiat money, except that it isn't the Fed issuing it. Is that correct to say? Thank you!

Full article: http://bitcoin.stackexchange.com/questions/7505/is-a-gold...

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