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A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by cryptonector on Wednesday March 31, 2021 @05:42PM (#26653504)
All economic activity that depends on others is speculation, at the end of the day. Every currency is a ponzi scheme of sorts.
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Re:The political case for a blanket cryptocurrency ban by paulryanrogers on Wednesday March 31, 2021 @07:51PM (#26654799)
This seems reductive. Government issued fiat is backed by militaries and the country's own resources--however indirectly. They can be used to pay taxes if nothing else.

Crypto currency is backed only by collective euphoria. Not unlike 17th century tulips.

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