Ah, so if U.S. government says Bitcoin is legitimate, it suddenly has extrinsic force: it will be accepted like “real” money.
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@GlennF It does, but I don't think the gov't is the only player. Gov'ts are a very efficient players in money systems but that doesn't mean>
@GlennF >they are the only ones that apply that kind of game-changing action to money.
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@sarahjeong Also agree. Something about having nuclear weapons helps, though. -
@GlennF shameless self-promotion: I wrote this from a quasi-sovereign theory of money POV http://ssrn.com/abstract=2294124 … -
@sarahjeong Oh, this looks wonderful. I am marking to read later (and I will). I have an Economist piece coming out in a couple of weeks -
@GlennF Looking forward to reading it!
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