debaser : Definition, Usages, News and More
- n a person who lowers the quality or character or value (as by adding cheaper metal to coins)
News & Articles
- Greenspan Baffled Over Bitcoin 'Bubble': "To Be Worth Something, It Must Be Backed By Something"
In order for currencies to be 'exchangeable' they have to be backed by something,is the remarkably ironic initial comment from none other than debaser-of-the-entirely-fiat-dollar Alan Greenspan when asked about the "bubble in bitcoin," by Bloomberg TV's Trish Regan. Unable to "identify the intrinsic" backing of Bitcoin (or see bubbles in equity, credit, real estate, or greater fools ...
Dec. 5, 2013 - Zero Hedge