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A traditional large central bank requires the government, the legal system and the military to back up the fiat, which is more expensive than electricity for th
by cft 6y ago
A traditional large central bank requires the government, the legal system and the military to back up the fiat, which is more expensive than electricity for the miners.
- espadrine 6y agoHow so? They are all necessary regardless of the currency. Nobody (ie. less than 0.0001% of the population) wants to live in a lawless society, and if they achieved it, they would be conquered by a lawful one.