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by bunderbunder 2876 days ago
> a main point of a crypto currency is realizing there's no reason to back a monetary currency with anything

I'd argue that BTC is very much backed with something - lots and lots of thermal dissipation. The entire argument for why it should be accepted as a stable, reliable, trustworthy store of value is based on proof of work.

If BTC is challenging anything about money, it's challenging the idea that money needs to be something that exists under the auspices of a government body.

1 comments

On the Bitcoin gravestone will be written:

  "I challenged"