The real thing that backs both crypto and fiat money


[https://medium.com/altcoin-magazine/what-really-backs-both-fiat-money-and-cryptocurrenies-ba6a4cb56d63](https://medium.com/altcoin-magazine/what-really-backs-both-fiat-money-and-cryptocurrenies-ba6a4cb56d63)

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Cryptocurrencies have been used as a payment mean from the very moment of inception. Mainstream public mostly lean to fiat money because of conscious or even sub-conscious trust to government. We need time to let people gain trust in cryptocurrencies plus there are some problems that should be fixed (scalability issues, cumbersome private keys, etc). Dot-com era bubble had burst, but the Internet enthusiasts were right about the future. I guess we will witness the similar scenario with cryptocurrencies.

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