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by aninhumer 3128 days ago
I am sceptical that Bitcoin would be able to hold its value in the absence of state support. If major world governments decided to ban Bitcoin exchanges, then how useful is your "censorship resistant wealth"? People accept its value at the moment because they know they can turn it back into more widely accepted currency if and when they need to. But if that becomes substantially more difficult, I think a lot of people would prefer something more liquid.