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It took a few bank runs to get there though. The government backing is also 50/50.
by baby 5y ago
It took a few bank runs to get there though. The government backing is also 50/50.
- onethought 5y agoAre you talking about a specific country? My point was only to point out the very material difference in having a producer of a currency back the production. In Crypto the miners cannot suddenly issue more currency, meaning there is an inherent risk of capital grid-lock. I get this is a trade off for the other benefits of crypto but it's one people should be aware of, and why you can't treat it the same way... or rely on it the same way.