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A comment on Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme. Parent comment

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by ummonk on Saturday April 17, 2021 @03:37AM (#26842361)
No. Fiat money works because the government makes it legal tender for debts. It would be more accurate to say that state institutions only work because we believe in them. Fiat money gets its utility from the government which exercises force.
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