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by samwilliams 1692 days ago
Put aside for a moment the name for the 'scheme' and consider the mechanism design differences between USD and Bitcoin:

- USD is needed in order to pay taxes on the US, but can be printed arbitrarily by a centralized mint.

- Bitcoin has no fundamental demand driver, but does have a truly capped supply.

Why is it so obvious that USD is a preferable scheme?

1 comments

What sort of straw man response is this ? I never said USD is preferable. I said that fiat currencies are not ponzis.