Bayside Corporation (BYSD)

[Spartanfan1]

There is no currency in the world that is backed by a gold standard today. All currency has regressed to this state and money is based on faith. It is accepted and recognized as currency that has value.
Bitcoin is also based on faith, and not backed by gold. It is accepted and recognized as currency that has value.

An argument that bitcoin is not a form of currency backed by gold is really irrelevant since no currency is held to a gold standard today.