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Bitcoin Citadels, Living in China, and Free Private Cities w/ Peter Young

Bitcoin Rapid-Fire

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Is Bitcoin Going to Succeed in the Long Run?

The state theory of money states that money has value because of coercion. It is possible for coercive organizations to create demand by artificially forcing people to use the asset. And in the case of state of money, that's what states do. If you are in a place where that is not allowed and the government has the monopoly of the use of force, then it becomes a kind of black market good. So i think that's what big coin is up against. But at the same time, most of the world has this feir monetary system.

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