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re: Do you know of any effective Blockchain use cases? VIEW POST

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re: Well, it is infinitely less valuable, because "currencies" are backed up by States. A currency only exists as far as a State (that is by definition...

What? Essence of fiat? You cannot create Bitcoin out of thin air, you have to mine it while following the same exact rules as everyone else. And it's not cheap. If it was fiat, it would be free to create new Bitcoins.

So Bitcoin is decentralized because there is only one Sun and only state electricity. Sigh. And how does any of this have any control over Bitcoin?

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