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adamc | 1 month ago

Suffers from no government having a stake in it. If it causes them problems, it can easily become illegal.

discuss

Precisely this makes it attractive. If it can't be _your_ currency let it at least be a currency no other nation controls.

JumpCrisscross|1 month ago

> If it can't be _your_ currency let it at least be a currency no other nation controls

At that point just hoard resources. Holding a bunch of Bitcoin in a crisis is useless for a country if no other country will buy them off you in exchange for tradeable hard currency.

krupan|1 month ago

Several countries do now have a stake in Bitcoin. See: https://bitbo.io/treasuries/countries/

krupan|1 month ago

Lots of countries outlaw other country's currencies. This is nothing unique to Bitcoin when we are talking about a world currency to replace dollars.