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Digital 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, o
by vkou 3y ago
Digital 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.