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Yes, that is complicated. But equally messy was the origination of the Euro. Equally messy (maybe even more so) was the introduction of "legal tender" in the
by andrewla 9y ago
Yes, that is complicated.
But equally messy was the origination of the Euro. Equally messy (maybe even more so) was the introduction of "legal tender" in the US in the 1860s-1890s. Equally messy was the abolition of "National Bank Notes" and the brief period where we had bank notes, Federal Reserve notes, United States notes, and Silver Certificates all existing and only mostly compatible. Or the Indian demonetization of the 500 Rs note. Or the Cypriot bank seizures. Less messy, but still complicated for those affected by it, was the seizure of gold bullion or the closing of the redemption window in the US.
Money is complicated, and Bitcoin has less history than any of these currencies.