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  • It still all seems arbitrary. I don't see a practical difference between a currency backed by a bunch of rich and powerful people who theoretically have an army and a bunch of rich and powerful people who do not have an army

    An army is just a bunch of people with resources

  • Nobody can force you under threat of imprisonment to pay for anything in bitcoin. You can be forced to pay tax in the relevant fiat currency.

  • The Vietnamese government cannot force you personally to pay for things in Vietnamese Dong. Does that mean Vietnamese Dong has no value to you?

    (I presume you're not in Vietnam)

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