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Look, if you really wanted to understand this, you'd be honest in your arguments and present a better understanding than just repeating that it costs pennies to
by fredfoobar 7y ago
Look, if you really wanted to understand this, you'd be honest in your arguments and present a better understanding than just repeating that it costs pennies to print 100$ (and therefore USD is superior)
If it was so easy and cheap to print a 100$, why isn't everyone doing it?
Obviously, it's not easy or cheap to do, and it's also illegal.
The US govt enforces the legality. So, you should factor in the cost of running the US govt and the cost of enforcing the law through the judicial system.
Suppose the US military disappeared overnight, what do you think will happen to the value of the dollar? you most certainly should factor in the cost of running the US army as well.
And then the banking ecosystem itself in the US, which is well over 10 trillion $ as of now.
The bitcoin ecosystem rolls all of these features into a single concise, self-policed network. I'd much rather have a permission-less SoV that is not controlled/backed by a nation state or a set of corporations (like Libra).
'perl4ever' should've tipped me off, I never learn :(. I don't think I have anymore time to argue with you.
- perl4ever 7y ago"'perl4ever' should've tipped me off, I never learn" I don't use perl any more - I discovered the joy of Visual Basic. :) Anyway, see my other comment about the Federal Reserve. It's not that there are no other costs to maintaining dollars as a currency besides printing the paper money, it's that I think the printing costs obviously dwarf the rest.