Nemo:
Re: “Venezuela is launching a new gold-backed cryptocurrency next week”
The United States had a gold backed currency - until it broke its promise and and went fiat.
Despite its history, I would trust the U.S. to keep its word before I would trust Venezuela.
And that's not saying much for the U.S.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months