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RE: My Crypto Currency is More "Real" Than Your Paper Money and I can Prove it!

in #bitcoin9 years ago

This is true. Crypto is essentially fiat currency, as it's not a receipt for a tangible asset. However, given its structure, it is far and away a better exchange instrument than government fiat could ever be.

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Decentralization was part of the original model for the reserve system too, but it ended up being invested in one central bank instead of a multiplicity of banks in a top tier.