The same thing that happens to fiat. The difference is that when things are working as intended, a commodity-backed crypto would be better than the government funny money known as fiat.
Better in that while both get boofed by the power going out, only with one of them do you actually control your own money.
Just ask the truckers in Canada who tried to protest their government how central banking and fiat works out. Fiat currency is morally reprehensible and intrinsically evil.
Further, a commodity backed crypto would be tied 1:1 to whatever it's backed by, preferably gold. This already exists, of course, but don't let that stop you from shitting your uninformed opinions all over the thread.
The same thing that happens to fiat. The difference is that when things are working as intended, a commodity-backed crypto would be better than the government funny money known as fiat.
Better in that while both get boofed by the power going out, only with one of them do you actually control your own money.
Just ask the truckers in Canada who tried to protest their government how central banking and fiat works out. Fiat currency is morally reprehensible and intrinsically evil.
Further, a commodity backed crypto would be tied 1:1 to whatever it's backed by, preferably gold. This already exists, of course, but don't let that stop you from shitting your uninformed opinions all over the thread.