governments' fear of cryptocurrencies comes from the same place as our fear of fake news. counterfeit things threaten the status quo because they expose the truthiness in what we usually call real anxieties about "fake news" exist because, in some ways, all news is fake
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It's not entirely just "because other people think it's valuable," e.g. you can use money to pay taxes and legally settle debts; there's all this legal apparatus around "legitimate" money. Beginning of this
@matt_levine column is relevant:https://www.bloomberg.com/opinion/articles/2019-06-18/facebook-will-make-the-money-now …Thanks. Twitter will use this to make your timeline better. UndoUndo
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