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RE: This is why and how the US dollar can and will be replaced by crypto currency, but it doesnt't have to be bitcoin! If Google for example wanted to premine a new coin, they could pump enough money into it to make it bigger than bitcoin for $40 billion

in #money8 years ago

I think it's important for one to distinguish between the conveyor of value (a currency or payment system) and the store of value (like a reserve asset for example).

For some reason most western folks tend to conflate the two. The USD has done pretty well in the latter role relative to many others.