Bitcoin and almost every other cryptocurrency crashed hard today

Re:Bitcoin and almost every other cryptocurrency crashed har... by celim307 on Friday December 22, 2017 @09:57AM (#15987832)

U.s. dollar has the value of 20 aircraft carriers and enough nukes to glass the planet behind it. But otherwise exactly the same

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Re:Bitcoin and almost every other cryptocurrency crashed har... by stinkytaco on Friday December 22, 2017 @10:27AM (#15988086)

But it's not like those aircraft carriers are going to show up if someone doesn't take your dollar. State backed currencies (backed by state backed armies) have failed plenty of times. History is dotted with governments who suffered by poorly managing their currencies, no matter what their military power.

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Re:Bitcoin and almost every other cryptocurrency crashed har... by ryanwaggoner on Friday December 22, 2017 @10:29AM (#15988114)

Super pedantic, but I believe we have 11 active carriers and 2 under construction.

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Re:Bitcoin and almost every other cryptocurrency crashed har... by monocasa on Friday December 22, 2017 @10:15AM (#15987994)

As well as the whole concept of the petrodollar.

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Re:Bitcoin and almost every other cryptocurrency crashed har... by fpisfun on Friday December 22, 2017 @10:27AM (#15988091)

Petro dollar is directly tied to the US military prowess. If you try to create all alternate Petro dollar they kill you. See gaddaffi for example

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