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That isn't really a counter to any argument I'm making. If anything, it supports my argument. The government that supported that fiat ceased to exist, therefo
by Frogolocalypse 9y ago
That isn't really a counter to any argument I'm making. If anything, it supports my argument. The government that supported that fiat ceased to exist, therefore the fiat ceased to exist. Sounds like a pretty good example of the dangers of fiat, and the advantages of a decentralized store of wealth.
- kasey_junk 9y agoOwning a particular currency was made illegal by a government. That government enforced that policy by force of arms. That currency ceased to exist. Ergo it is not ignorant to claim that s government can eliminate a currency & quite the opposite it’s ignorant to say its impossible.
- Frogolocalypse 9y agoMaking it illegal didn't make people not have it, just like the gold executive order, so that hasn't proven your case. Making the government cease to exist and therefore ceasing to be redeemable only proves my case.
- colordrops 9y agoThey could eliminate it because it had a central point of control. There are over two hundred other countries and a black market that can't be stopped even if the US outlaws Bitcoin.