Comment Re:Yay for faux currency! (Score 1) 84
I don't have a stake in any cryptocurrency, probably for most of the same reasons you don't.
But honestly, isn't what makes a currency trustable that it's backed by something of value which has something to lose should it fail? It's not gold anymore but rather the trustworthyness of the country and the corporations within. Dollars are hardly even on print anymore, most of it being digital.
So if a cryptocurrency is backed by big corporations who actually have something to lose should it fail, how is it different from "real" money? NSA isn't going to take away something MS and Bank of America is lobbying your policiticians for.
Bitcoin certainly doesn't have this support, but it sounds like Ethereum is, at least, starting to get there.