Re:China says it wants to eliminate Bitcoin mining
by soVeryTired on Tuesday April 09, 2019 @06:39AM
(#19613307)
Robust against what?
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Re:China says it wants to eliminate Bitcoin mining
by PycptN2MH on Tuesday April 09, 2019 @08:14AM
(#19613802)
Threats to national sovereignty such as invasion.
Re:China says it wants to eliminate Bitcoin mining
by soVeryTired on Tuesday April 09, 2019 @08:58AM
(#19614100)
I don't really see how protection against invasion helps you maintain a fiat currency. I don't think an army is either necessary or sufficient. These just seem like two different issues.
Re:China says it wants to eliminate Bitcoin mining
by PycptN2MH on Tuesday April 09, 2019 @09:27AM
(#19614329)
Do you have an example of a nation failing to repel an invasion yet maintaining the integrity of its currency?
Re:China says it wants to eliminate Bitcoin mining
by soVeryTired on Tuesday April 09, 2019 @09:44AM
(#19614511)
You're shifting the goalposts. Lack of protection against invasion doesn't mean you're going to get invaded. Maintaining a standing army isn't protection against invasion either.
Re:China says it wants to eliminate Bitcoin mining
by PycptN2MH on Tuesday April 09, 2019 @09:50AM
(#19614570)
Do you agree that if a nation is successfully invaded its currency will lose its integrity?
Do you agree that defense against invasion requires an adequate military or agreements with nations with adequate militaries?
If we agree on those two claims, it seems we must agree that militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency.