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One potential quibble. Fiat currency is given value also because the government can demand taxes in its fiat currency on threat of imprisonment or other governm
by SubiculumCode 9y ago
One potential quibble. Fiat currency is given value also because the government can demand taxes in its fiat currency on threat of imprisonment or other government-backed sanctions, and thus come tax time, one better have some fiat's currency on hand. Thus it is a store of value beyond just general belief of its value..bitcoin does not have this.
- deleted 9y ago[deleted]