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RE: How to Explain Bitcoin's Necessity to Americans
Well said! Long term I would think that a globally distributed economy would fair better in terms of inflation/deflation as it is devoid of territorial politics.
I think we'll see a federated system where a few major currencies survive (USD, Swiss Franc, Chinese Yuan, Japanese Yen) and a lot of smaller countries and territories start using bitcoin or digix gold, or some other stable digital currency.
I'm incredibly curious how it will affect the modern concept of the nation state.