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0 sats \ 1 reply \ @mudbloodvonfrei 19 Dec \ on: IWF bought El Salvador into submission: Bitcoin's no legal tender anymore. bitcoin
To be honest I'm not sure that's a bad thing. How is forcing small businesses to accept bitcoin very different from forcing them to accept the dollar? Because I have a preference for bitcoin? I'd say that legal tender laws are a violation of freedom of association.
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7 sats \ 0 replies \ @Fabs OP 19 Dec
People trust Fiat because it's enforced by the state; The state legitimizes it.
The gross majority of the populace "need" a central entity to say the "safe word" and legitimize Bitcoin, to "enforce" it, because only then it's deemed acceptable by the former, à la: The state trusts it, thus I can trust it too!
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