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In The Media

Digital USD is 48 years old and Bitcoin is 11 years old

by Larry Chiang on October 5, 2019

By Larry Chiang
Deriving where money came from is like the derivation of a theorem

Larry Chiang @duck9 (@LarryChiang)
I thought credit {#cs183duck9} was misunderstood. Suffice it to say that money gets people so emotional that few can even think to go do a rudimentary audit
Erik Voorhees (@ErikVoorhees)
Most people think the US dollar has been around for a couple hundred years. In reality, it’s been around since 1971. Before that, “US dollar” was a proxy term for a specific weight of gold. The fiat dollar is just a middle-aged payment instrument with high cholesterol.

Miko Matsumura ㋡ (@mikojava)
⁦‪@ErikVoorhees‬⁩ the “fiat USD” is 48 years old and BTC is 11 years old. Great point Erik.

Erik Voorhees (@ErikVoorhees)
The US dollar is already a digital currency. It runs on a blockchain with one master node called The Federal Reserve. It has no supply cap, can be reversed or created or destroyed by sub-nodes that operate under the rules of the master node. Sometimes paper proxies are printed.


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