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The author's argument goes like this: Bitcoin is not backed by The State. The State makes currency. The State is all powerful. I am not capable of conceptualizi
by bsbechtel 13y ago
The author's argument goes like this: Bitcoin is not backed by The State. The State makes currency. The State is all powerful. I am not capable of conceptualizing a currency that is not backed by an all powerful state, therefore Bitcoin is doomed to fail.
Terrible argument.