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Not that different from how paper currencies like the US dollar work in terms of money supply though. Of course, Bitcoin is not issued by a QUANGO whose chair
by Ologn 13y ago
Not that different from how paper currencies like the US dollar work in terms of money supply though.
Of course, Bitcoin is not issued by a QUANGO whose chair appointing government has 10 aircraft carriers, over 5000 nuclear missiles and so forth. Anyone can start up a Bitcoin like currency (Litecoin, Dogecoin etc.)
- tsotha 13y agoPeople overestimate the monetary value of military hardware. The Russians had a pretty powerful military when the Ruble collapsed. When people lose faith in the dollar no amount of firepower will save it.