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Normal currencies are backed by sovereign governments, are controlled by regulatory regimes, and don't get pitched as a way of anonymizing transactions/avoiding
by meepmorp 13y ago
Normal currencies are backed by sovereign governments, are controlled by regulatory regimes, and don't get pitched as a way of anonymizing transactions/avoiding government interference in shady dealings.
- pdx6 13y agoCash is used anonymously and for shady dealings too. Compare this to the blockchain, which is public, not anonymous. There is no rule that says a currency has to be backed by a government, since people have traded without government backed currency since the dawn of man.