[taxcontrol]

Counter point: Isnt the special paper, printing and other currency controls what make the paper dollar secure?

Does not do you any good when the bank is robbed. Blockchain technology is anti-forgery controls. But if someone steals the USB stick that you have your currency stored on, or if as in this case, they rob the “bank”, It does you little good.

Currency is currency - digital or otherwise

[cuban leaf]

Counter point: Isnt the special paper, printing and other currency controls what make the paper dollar secure?

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What makes the paper dollar secure is that the government would go to war to protect it. That is, if it becomes worthless, the value of the money will be the least of your problems.

Bitcoin is backed by nobody. A major pillar on which fiat money stands is faith in the government that produces it. But that pillar is missing from Bitcoin. It’s supported by what I like to call “blind faith”.