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No it does not. See my previous comment.
by hcknwscommenter 4y ago
No it does not. See my previous comment.
- thesz 4y agoYes it does, see my answer to some previous comment.
- hcknwscommenter 4y agoHmm. something wierd going on. Both of us don't seem to have a previous comment. Perhaps it got deleted or my memory is going poor. Anyway, my earlier point was that US dollars have an intrinsic value in that they keep you in good standing with the US federal and local Govs. You can pay your taxes in US dollars and nothing else. If someone had all the US dollars in the world, then everyone else would need to trade very value things to that person to get those dollars. The value of those dollars would go up a lot in terms of a basket of tradeable assets Bitcoin is the opposite I think. If someone had all of the bitcoins, then I would expect bitcoin to be worth nothing.