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"If I make one hundred pieces of blue paper and I call it a currency and I start selling it to people" - This is what modern currency is. Pieces of paper issued
by UK-AL 11y ago
"If I make one hundred pieces of blue paper and I call it a currency and I start selling it to people" - This is what modern currency is. Pieces of paper issued by government.
- crimsonalucard 11y agoRight, of course. But there's a difference. Why do you choose bitcoin over dogecoin? Why do most people choose the dollar over bitcoin? Decades of culture and tradition have molded the dollar into something different from people just selling paper. Bitcoin is not yet such a thing.