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Chris McCann on Cryptocurrency in the Real World

Making a Killing with Bethany McLean

CHAPTER

Bitcoin

Noka: With a fiat currency, it's backed by something. So how does bit coin just float out there without any support? Noka: The thing that actually really backs bit coins is all the people in the mining ecosystem. And so they are back stopping, or they they have a fixed price on the supply side of what it actually costs to generate a bit coin.

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