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But this balance was approximately to be changed with the US government set value of the dollar at a distinct level: 35 dollars would buy you one ounce of antique watches. This thing happened in the 1930s. Individuals end in the Second World War, countries started to take into account the US dollar an excellent basis for his or her currencies. The reason for doing this the fact that the US dollar value was well known, so a cryptocurrency on the dollar would actually be based on jewelry. For instance, if a certain currency was worth triple more gold than the dollar, this actually worth three $ $ $ $.
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