Having fiat currency "backed" by anything, like gold or silver, is meaningless. 1943 (?) proved this as the US, or any gov't, can simply reprice the value of the fiat relative to the backing asset. The real value was when the asset (the money) itself was used as currency. This is an important fact of bitcoin's value that is often misunderstood. Bitcoin IS the asset. That said, #Litecoin #Monero & #BitcoinCash are also the asset, and a currency.

#Litecoin a Top 3 gainer in the past 24 hrs.

Bitcoin is NOT the ONLY anything. It is NOT the only money. It is NOT the only cryptocurrency with a limited supply. It is NOT the only open-source, decentralized coin. It is NOT the only coin with a paid development team. It is NOT the only cryptocurrency to have had it's blockchain rolled back. It is NOT the only crypto with a loyal fan base. It is NOT the only coin to be a fork of it's former self. It is NOT the only coin with an anonymous creator.