Re:Why I’m Cryptophobic
by mattwilsonn888 on Thursday June 30, 2022 @03:57PM
(#31937772)
You're all over the place, and "making Bitcoin into fiat" can have many meanings. I doubt it means to you what it means to most.
Well obviously, on the superficial level there's plain old greed.
But on a more existential level, bitcoiners are acknowledging that proof of work will lose to proof of lead, in any kind of direct confrontation.
So backing its security with math isn't enough, coiners want it backed with armed force. like fiat.