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Replying to Avatar Theo Katzman

Bitcoiners, can you help me sharpen this sword? Anything I can do to improve this?

“What backs the US dollar? To quote Nobel-prize winning economist Paul Krugman, ‘men with guns.’

What backs bitcoin? Electricity.

Which of these consensus mechanisms has a better chance of achieving sustainability and harmony with our environment and our population into the future?

The global competition for the mightiest military force?

Or the global competition for the most sustainable energy production?

I ask this question in earnest.”

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Diego Valley 1y ago

No expert but Fiat is just a ‘promise’ to pay debts. It’s debts all the way down. Bitcoin ie backed by miners, node operators, developers, users

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