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Texas moves to create gold-backed digital currency (www.kitco.com)

posted 1 year ago by TexasPatriot_40 1 year ago by TexasPatriot_40 +46 / -0

Texas moves to create gold-backed digital currency

Lawmakers in Texas have introduced a pair of bills that would approve the creation of a state-issued, gold-backed digital currency.

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– TheLetterK 3 points 1 year ago +3 / -0

It's not unconstitutional to have a local, voluntary currency. The USA wasn't on one standard currency until the creation of the Creature From Jekyll Island, the Federal Reserve in 1913.

Utah already has a local, gold-backed, voluntary currency known as Utah Goldbacks. Nevada, Wyoming, and New Hampshire also have them. You can hold them physically or digitally (like a bank account).

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– MathletesFoot 3 points 1 year ago +3 / -0

Interesting to know. Still don't trust digital currency.

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