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Maybe I used the wrong word...
Thanks, sandalwood. I'm enjoying this conversation.
Maybe I used the wrong word by mentioning "cash". Yes, the Central Bank issues its IOU here too, just like the Federal Reserve. But do you think all transactions must use these IOUs? Barter is alive and well today. Many LEGIT transactions go on without government-issued fiat currency. I agree that the government mustn't dabble into EVERY legal transaction. (And by definition, they can't; they're too tied up in red tape to do that) However, much of what I hear of Bitcoin reminds me of the scare-mongering of LibertyReserve, a digital currency that was the rave some years ago. But it's always good to be informed. Beats hiding one's head in the sand... Thank you Quote:
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