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0 pointsimtringued4y ago0 comments

Technically it's a way to keep governments in check but the point isn't that you use an emergency solution all the time.

Homeless people buy a tent as a fallback for a house. That doesn't mean they want to live in a tent for the rest of their lives.

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meowface4y ago

Some people see it that way. And it probably does serve that purpose to some extent in areas with very unstable governments, like some developing countries. But I'm doubtful that by the year 2121 Bitcoin or any other cryptocurrency will have kept the US government "in check" in any way. It's not impossible, but I'd heavily bet against it.

They may very well make/adopt some cryptocurrency as the new primary fiat by then, but I kind of see the idea of Bitcoin keeping the US government in check similarly to the idea of gun ownership keeping the US government in check.

Out of curiosity, can you describe an example of how it could potentially serve such a purpose, even in a hypothetical contrived scenario?

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meowface4y ago

Out of curiosity, can you describe an example of how it could potentially serve such a purpose, even in a hypothetical contrived scenario?

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