It has no underlying endorsement. The security base is its own computer system, the blockchain, managed by companies interested in this business. Its end customers are unbanked people who the only way to be admitted for tax purposes is at least as monotributistas. They are operations between pairs of nodes. When people discover that the only support is their own supply and demand, they will not sleep easier. They call this "volatility." They stop using it out of mistrust, the bitcoin ends. A cryptocurrency backed by physical gold with integration of Blockchain technology and physical gold refineries, validated by the London Bullion Market Association, is the proposal. "Gold Biscuit" ATMs will be incorporated that deliver gold up to 100 grams.
Dr. Jose Luis Cavalieri, Lawyer
Buenos Aires, Argentina
M&A Advisor at CBA Cross Border Associates