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This distinction is weird to me. Bitcoin is also created by fiat. If trust in government is lost, there is no governance nor money. If trust in bitcoin is lost,
by namaria 4y ago
This distinction is weird to me. Bitcoin is also created by fiat. If trust in government is lost, there is no governance nor money. If trust in bitcoin is lost, there are no running nodes nor tokens.
- aintgonnatakeit 4y agoAnd if trust in government is lost, there is also no liquidity.
- namaria 4y agoThat's not true. You don't need strong government to have circulating and widely accepted metal money for example.