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Not just crypto too. Back in the day banks issuing their own gold promise notes didn’t end well because once you can promise you can make false promises. The g
by quickthrower2 3y ago
Not just crypto too. Back in the day banks issuing their own gold promise notes didn’t end well because once you can promise you can make false promises.
The government can also do that and some countries currencies have collapsed but in general it is fairly solid! Inflation aside.
- eviks 3y ago"it's fairly solid aside from situations when it's not"
- sha-265 3y agoIn bitcoin (not crapto which is 99.99% scam) you can't make false promises and definitely can't "govern" bitcoin. Not even the charlatan "Saint Saylor". This is a huge difference.
- quickthrower2 3y agoYes. I guess I am more talking about anyone can create a new coin without being a government like banks could create currencies but there are differences of course. m