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by j_walter 1475 days ago
> which is not backed by anything.

I mean it's backed by an algorithm...but that's obviously worthless

2 comments

Words like “backing” have specific meaning in the world of financial regulations. This use is wildly different from that meaning.
Doesn't stop the legions of commenters who will join discussions like these to proudly assert that the US dollar is "backed by" the US economy, the US military, etc.
What kind of algorithm is that anyway? return 1; ?