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This is different from US dollars how?

• crispyporkbites 7y ago
  Approximately 300m people vote for, pay taxes to and support the creators of US dollars, the US government. Approximately 8 billion people recognise the US dollar as a global unit of value exchange which has a known local currency value. A new cryptocurrency is just a database with some private keys shared remotely.
• whatshisface 7y ago
  The US government is ultimately beholden to US citizens, who don't want to get hosed by inflation. People who can't vote in America do actually have a legitimate reason to be concerned: if the US ever can't maintain its debt, it will likely become in the voter's interests to devalue the currency to nothing. That's basically the "default risk" on Treasury bonds.