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If you back fiat with Bitcoin and Bitcoin is permissionless, why would you ever hold the fiat. Why wouldn't you just hold the thing backing it. Backing fiat with Bitcoin says the quiet part out loud.

Lerne Bitcoin! 2y ago

Backing something with something is always a promise, that I have to trust.

I don't want to trust. I want to verify!

#bitcoin fixes this.

#donttrustverify

#btc

#verify

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Discussion

Derek Ross 2y ago

The world needs a transitional period.