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BTC is not a currency however. The Yaun is a currency because it is controlled by a government. BTC is controlled by no one. It is just like gold, but worse bec
by FollowingTheDao 2y ago
BTC is not a currency however. The Yaun is a currency because it is controlled by a government. BTC is controlled by no one. It is just like gold, but worse because it has no intrinsic value.
There is a reason the US and other governments went off of the gold standard, and that is so we could control the price of our currency, which is what led to te mess we are in now.
If BTC were controlled by the government it would be no different than the dollar when we were on the gold standard, and that it why it will never be a currency.