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I've always thought the Bitcoin use-case (admittedly from a subset of Bitcoin users) of "Complete collapse in the banking system" but somehow the internet still
by Fomite 9y ago
I've always thought the Bitcoin use-case (admittedly from a subset of Bitcoin users) of "Complete collapse in the banking system" but somehow the internet still works without issue was...somewhat tenuous.
- sparkie 9y agoIt's not a collapse of all banking systems, but the fiat money system which is dictated by central banks (which are mostly private entities, not government bodies). It means when governments want to borrow more money, their lenders actually need to have the liquidity available and can't just magic it out of thin air.