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Also cash is issued by the government at will. And nobody else can create cash. It's diametrically opposite to bitcoin's decentralized approach.
by dingo_bat 8y ago
Also cash is issued by the government at will. And nobody else can create cash. It's diametrically opposite to bitcoin's decentralized approach.
- lagadu 8y agoI hope I don't come off as too glib but: "Also bitcoin is issued by the consensus algorithm at will. And nobody else can create bitcoin."
- andrewflnr 8y agoThe superficial syntactic similarity of those statements is all they have in common. The mechanisms are, as one might expect, almost completely opposite.
- pintxo 8y agoOh, everyon can create their own cash. The problem is not printing some form of currency. The problem is getting other people to believe in the value of your money.