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Probably one backed by a nation with a substantial military. Thanks for the POC NERRRRDS!!!
by peteradio 4y ago
Probably one backed by a nation with a substantial military. Thanks for the POC NERRRRDS!!!
- nradov 4y agoIn maintaining the value and legitimacy of a currency, civilian law enforcement matters far more than the military (at least for developed countries that have stable governments). Even if I earn income denominated in Euros, Bitcoin, gold, or some other store of value I have to obtain a certain number of US dollars to pay my income taxes. If I fail to pay for long enough then eventually the IRS will get a court order to seize my assets, and armed federal agents will carry out the order. The military doesn't enter into it.