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A comment on FTX founder Sam Bankman-Fried to be released on $250M bail. Parent comment

Re:FTX founder Sam Bankman-Fried to be released on $250M bail by iavael on Friday December 23, 2022 @06:11AM (#34104531)
Actually governments don't guarantee anything about fiat money value.
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by throwawaylinux on Friday December 23, 2022 @08:40AM (#34105647)
They require it is legal tender so guarantee it has value as a medium for exchange and storage.

I didn't say the government guarantees a particular value. I said it is backed by a government guarantee, and that is what ensures it has value (i.e., it is worth what is written).

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