Replies to post #1257 on Vemanti Group Inc (VMNT)

[Lazarus]

So explain how it WORKS

If Bitcoin is a currency HOW IS IT BACKED BY GOLD?

If Gold goes up, does the price of Bitcoin go up?
If Bitcoin goes up, does the price of Gold go up

What if Gold goes down, does it take Bitcoin down with it
And if Bitcoin goes down, would it take gold down with it.

What if the price of Bitcoin goes up and gold goes down?

...and let's not forget, when we refer to price WE MEAN PRICE IN USD BECAUSE RIGHT NOW -- ITS THE DOLLAR THAT RULES.

The only reason one buys bitcoin or gold is because they believe they will become worth MORE DOLLARS.