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I can go get a printer, and start printing stale2002 dollars, right now, perfectly legally. Does that mean that paper money isn't scarce? Dollar bills, of cou
by stale2002 9y ago
I can go get a printer, and start printing stale2002 dollars, right now, perfectly legally.
Does that mean that paper money isn't scarce?
Dollar bills, of course, are protected from counterfeiting, in the same way that bitcoins are.
- QAPereo 9y agoThat would be legal, but critically attempting to redeem them for current USD would be a crime. So no... not the same.
- stale2002 9y agoIt is exactly the same. First of all, I COULD sell my stale2002 dollars for real dollars, at market price, as long as I am not lying about what I am selling. The price of my sale2002 dollars would probably be ~0, but I am still not breaking the law. If you fork Bitcoin, you can't redeemed your forked coins for real Bitcoin, either. It would be a completely new and different currency. The same exact thing is the case with my new paper bills.
- deleted 9y ago[deleted]