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Re:The political case for a blanket cryptocurrency ban by nec4b on Thursday April 01, 2021 @02:33AM (#26657245)
>But the competition is fiat; backed by fighter jets and nukes; literally. How is it that someone can't steal your money? The bank makes sure. How is it the bank can be sure? The cops protect them. How is it the cops aren't overwhelmed? The military protects them. Law and order stands on the backs of a lot of stuff and CO2. Bitcoin is an example of one little piece of this not needing all that stuff. Instead it's protected by this mining fleet. And if you want to contest ownership there's no one to invade, no one to attack; the best you can do is make a fleet and try to mine.

Who do you think is keeping the infrastructure (electricity, internet, companies that produce equipment,..) on which bitcoin runs safe?

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