Bitcoin [glow=red,2,300]will no[/glow]t change the world!
How is it backed? There is no government backing of Bitcoin. There are no exchange rated of Bitcoin with the Euro, Pound, Dollar, Yen. or Yuan. If all other currencies fluctuate on the world market then why does Bitcoin remain relatively the same? The answer: Because it is [glow=red,2,300]Pretend[/glow] money!
How is it backed? There is no government backing of Bitcoin. There are no exchange rated of Bitcoin with the Euro, Pound, Dollar, Yen. or Yuan. If all other currencies fluctuate on the world market then why does Bitcoin remain relatively the same? The answer: Because it is [glow=red,2,300]Pretend[/glow] money!