Sentences with word «unbacked»

When the US government introduced unbacked paper money, no one wanted to use it.

But when new discoveries of gold are made, market participants do not begin to hoard paper or to set up printing presses for the issue of unbacked currency.

To remain ethical, avoid making unbacked claims and always make sure you are providing a genuine and effective solution to your audience.

Experts fear that Tether issue unbacked tokens and use them in fraudulent manipulations of the bitcoin price.

And on Feb. 25, 1862, Congress passed the first Legal Tender Act, authorizing the issuance of $ 150 million in unbacked paper currency called United States Notes.

There's a lot of controversy surrounding the Tether company, most notably the fact that the company responsible for minting new Tethers, whose owner is also the owner of the Bitfinex exchange, seems to be printing unbacked Tethers into existence and buying Bitcoin from themselves.

Also, as usual you have no citations and make broad, unbacked assertions.

Bartke has «really paid his dues» in three different phases of his career, says Roth: grappling with the challenges of doing science during the Cold War in Eastern Europe, building his reputation in endocrinology in the United States, and then making his largely unbacked foray into biogerontology.

The gold standard collapsed in the wake of World War I. Wartime financing with unbacked paper currency led to widespread inflation.

Lincoln is unique in every way, even in monetary policy terms, as he created unbacked paper money to fight the civil war, which funded a lot of it.

Talk about unbacked paper money, CP is unsecured by any assets of the company receiving the loan.

But in no case should a reporter who wishes to portray with accuracy the debates about global warming, present a minority view unbacked by science and promoted by businesses with a small, old dog in a very tough dog fight, as equivalent to hard science from unbiased scientists with no economic interest in anything but getting the facts and predictions right.

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.

Yet, despite this rich monetary history, we have a tendency to believe that our current form of money, fiat currency, is somehow immortal, even though it has only existed in its current state (unbacked by gold) for just over 46 years - half a human lifetime.

The galleries» walls are made of unbacked 3/4» plasterboard with studs available when necessary.

Much as I favor deregulation, you can't do it if you have fiat money (unbacked paper money).

Since bitcoin is unbacked, its value may fluctuate greatly (and it did).

«While blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile.

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.

To have significant inflation, one must have unbacked paper money.

The Euro is an experiment, but so is unbacked paper money.

Project advisor, Jacob Frenkel, the Israeli economist and chairman of JP Morgan Chase International and the G30 stated: «While Blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile.

«While blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile.

Yet, despite this rich monetary history, we have a tendency to believe that our current form of money, fiat currency, is somehow immortal, even though it has only existed in its current state (unbacked by gold) for just over 46 years — half a human lifetime.