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Bitcoin can work without government, but eventually somebody is going to want to have their coins turned into fiat. Bitcoin has no solution for this problem, i
by luma 5y ago
Bitcoin can work without government, but eventually somebody is going to want to have their coins turned into fiat. Bitcoin has no solution for this problem, if governments make turning your bitcoins back into their own currency difficult/impossible, then the value of your coin holdings is strictly theoretical.
Unless you can pay your rent in Bitcoin, you're going to face this problem.