Sentences with phrase «created unbacked»

Not exact matches

This however did alter the money supply, as now both the original receipts («bank notes») circulated concurrently with the «unbacked» receipts — money from thin air had been created.

It could be pure coincidence that an influx of over $ 87 million in potentially unbacked coins was created around the same time the value of almost every one of the top 100 coins began increasing.