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USD is a confidence judgement of many things which are not the literal note. Bitcoin is just the confidence in Bitcoin. Of which I have none. I'm pretty sure t
by Locke1689 14y ago
USD is a confidence judgement of many things which are not the literal note. Bitcoin is just the confidence in Bitcoin. Of which I have none.
I'm pretty sure the US govt is here to stay, though.
- marssaxman 14y agoBitcoin is just a distributed ledger which keeps track of which coins are associated with which wallets, where "coin" and "wallet" are nothing more than unique ID numbers. Do you lack confidence that this system actually works, or when you say "confidence in Bitcoin" are you actually referring to some other system built around it?
- codeulike 14y agoright, the USD has some institutions and a very large community (i.e. a nation) behind it, and they're huge so its not really an easy comparison with Bitcoin. But Bitcoin is not 'just bitcoin', it also has institutions and a community, they're just much smaller at the moment.