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Money in the bank doesn't increase in value because more people demand it. Bitcoin et al are much closer to a global and decentralized Ponzi scheme than a currency system. I do understand what you're saying, however the biggest difference that makes it a completely different beast is how wealth is redistributed unreasonably weighted towards the earlier adopters. I would likely be all for blockchain crypto-assets working as a currency so long as they were fixed price.

Land wealth was also weighted to early adopters.... Gold wealth was weighted towards early adopters...

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