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The real cost of a fiat currency is not in printing bills or running ATMs. It's the law enforcement and ultimately military might required to enforce scarcity a
by modeless 6y ago
The real cost of a fiat currency is not in printing bills or running ATMs. It's the law enforcement and ultimately military might required to enforce scarcity and value of the currency. The cost of enforcing scarcity in Bitcoin pales in comparison to the amount the US spends defending the dollar globally.
- arcticbull 6y agoThe army is a fixed and utterly irrelevant cost because in a world where bitcoin is the only currency, and I can't stress this enough, you still need an army lol.