Interesting video, but not quite correct i believe. Let's discuss!
My commentary
BTC is not the only one crypto. You can have as much funny-money in crypto parallel to BTC. BUT you cant exclude BTC as a hard money from the actual economy, like they done it with gold. Cos gold was too inconvinient to hold and transact, so people changed it for a paper. But you don't need cheking account for BTC - you can use it as is, unlike gold. That's the difference. No bank neded at all. And BTC have no risk in it, it is firm money for actual use. And you can use some IOU as a money in parallel but it will NOT be BTCs - just IOUs. And anyone can see a difference, and price the BTC/iouBTC accordingly.
Master Set
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