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A comment on No one is disrupting banks. Parent comment
The general form of this is, it's backed by something that will accept it as payment. But then the same is true of non-fiat currencies.
The value of a currency is simply, what can you get when you spend it?
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The general form of this is, it's backed by something that will accept it as payment. But then the same is true of non-fiat currencies.
The value of a currency is simply, what can you get when you spend it?