Re:What's the use for Bitcoin?
by kpommerenke on Thursday April 02, 2015 @02:04PM
(#9312342)
No, it's not necessarily true for a currency backed by a state, since the state can force you to pay taxes in that currency, thus creating demand for the currency and underpinning its value.
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Tell that to Zimbabwe, who still doesn't have a national currency because of exactly this: