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by earhart
1931 days ago
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The dollar is also backed by the legal system (which gives the general populace a mechanism to redefine who owns which dollars, e.g. in case of fraud), and the Federal Reserve (which manipulates interest rates and dollar supply levels to try to keep the value relatively stable over time). If bitcoin could solve those problems, and the energy usage problem, I’d use it. As is, it’s solved the double-spend problem - admirable and impressive, but it’s not a substitute for a stable currency yet. |
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