[ExI] Bitcoin

[Gordon]

spike:

> This is a powerful argument... Gordon you have convinced me: bitcoin is not on the verge of replacing fiat currency.
 
Well, the idea behind bitcoin is that it can or should replace fiat currency. I think what you really mean is that I have convinced you that a digital currency that replaces what we now call fiat currency will still be a sort of fiat currency. I hope I'm wrong.

If I'm not wrong then another question comes up: is a  decentralized fiat currency created somewhat haphazardly by the people better than one  created by a central bank? Offhand I would think not, but it's a possible argument. 


Gordon
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