No.104589
if nothing in the market is illegal, couldn't a bunch of people make a counterfeiting business? because this business is legal the counterfeiters get better and better, with better machinery and no one is getting arrested, this would end up hyper inflating the economy. pic unrelated
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No.104592
why dont people just counterfeit bitcoin or gold?
no ancap likes or uses government fiat
nice troll
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No.104593
People would naturally move away from trading mediums that can be counterfeited. You say this is 'the problem with ancap', but isn't this the problem with governments? Governments are the only groups capable of forcing everyone to use their shit-bucks, so that they can counterfeit more legally.
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No.104594
>>104589
Buying something with counterfeited currency is fraudulent.
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No.104595
>>104594
All fiat money is counterfeit.
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No.104601
>>104592
well you can counterfeit gold, there is a huge problem in the gold(and silver but mostly gold) market with counterfeit bars where its gold plated and the rest is a material with a similar density
and bitcoin is just fiat but worse, sure it can not be regulated and there is a market cap but it isnt even worth what fiat is worth, paper
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No.104602
>>104601
As far as I can tell the problem in the gold market is people who don't know what they're doing not verifying whether the gold they've purchased is legitimate or not.
People think that fiat is worth more than the paper is printed on, and our economy continues to function for the time being (certainly not optimally, but it works). The "value" of money is in its function as a medium of exchange. You don't have to be able to hammer Bitcoin into jewelry or use it in electronics to use it as a currency.
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No.104603
>>104601
>>104602
bitcoin is just a database of transactions, much like our banking system except the database cant be changed
fake gold bars aren't a huge problem and neither is counterfeiting as less than 1 percent of cash is paper.. if anyone is counterfeiting it's the government itself by printing money and devaluing their currency just under the rate at which the public and markets would panic
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