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A comment on Cryptonomicon: Among the Bitcoin maximalists. Parent comment

Re:Cryptonomicon: Among the Bitcoin maximalists by Hendrikto on Friday February 25, 2022 @01:50PM (#30470697)
Gold and silver coins are not fiat though.
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Re:Cryptonomicon: Among the Bitcoin maximalists by majormajor on Friday February 25, 2022 @02:16PM (#30471007)
How much actual gold has to be in your gold coin before it crosses from "gold" to "fiat"? You had "debased" coinage in Roman times, if not earlier.
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Re:Cryptonomicon: Among the Bitcoin maximalists by Hendrikto on Friday February 25, 2022 @08:10PM (#30474397)
Does not matter as long as it‘s a fixed minimum.
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Re:Cryptonomicon: Among the Bitcoin maximalists by quickthrowman on Friday February 25, 2022 @09:01PM (#30474651)
Right, and basing the supply of currency on the amount of two metal elements we can mine out of the ground is insane.
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Re:Cryptonomicon: Among the Bitcoin maximalists by Melio on Saturday February 26, 2022 @06:04AM (#30476663)
It's part of history and not the only part of it.

From Wikipedia: "Government-issued fiat money banknotes were used first during the 11th century in China"

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