I believe by design of the Constitution (US) the national currency (not the Federal Reserve Note) is to be backed. Fiat (Federal Reserve Note) is backed by nothing. The said backed currency could be named whatever you like, even dollar. I believe it would take an act of congress to vote if they would want it backed by let's say Bitcoin.

Might be just a dumb thought.

Reply to this note

Please Login to reply.

Discussion

No replies yet.