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"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
Wednesday, December 9, 2015
"Fiat" currency: here's an insight for you
US dollars aren't fiat currency.
They're not because you can use them to pay your taxes. Therefore they have intrinsic value.
Bitcoin, however, is only worth what people will pay for it, and you can't use it to pay taxes. Therefore bitcoin is fiat currency.
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