Bitcoiners: “Fiat is bad because we abandoned gold backing.”
Also Bitcoiners: “Bitcoin fixes this.”
Me: Bitcoin is backed by what?
You spent years telling everyone that money backed by noth...
money backed by nothing AND with infinite supply in hands of few - this is the fiat problem
gold and bitcoin are kinda backed by POW, so you cannot produce it out of thin air without energy exchange
gold and bitcoin are kinda backed by POW, so you cannot produce it out of thin air without energy exchange
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