My local MP came around yesterday to brag that he and the local Tory councillor have made plans to fix a pothole nearby.
The bar is so low it’s below the floor.
My local MP came around yesterday to brag that he and the local Tory councillor have made plans to fix a pothole nearby.
The bar is so low it’s below the floor.
What do you mean by “backed” here? I think I’m misunderstanding but I thought (and a short google seems to confirm) that currency A being backed by currency B means the value of A is fixed at a certain amount of currency B, and there is some organisation “backing” this with reserves.
Not trying to shill/defend crypto, just confused on terminology :)