3 ms·
Beats the reality of "bombs and blood" money
by seydor 3y ago
Beats the reality of "bombs and blood" money
- vkou 3y agoDigital money is also backed by bombs and blood[1], it just introduces a lot of technology and an additional parasitic class of early-adopters and middle-men, on top of all the ones that already exist. [1] No form of private property can exist without those things.
- throwaway128128 3y agoExactly! You need laws and a monopoly of force to enforce those laws in order for property to exist. Otherwise bitcoins can be freely stolen via rubber-hose cryptanalysis.