Peter Todd has gone underground after an HBO documentary named him as the creator of Bitcoin, Satoshi Nakamoto, whose real identity has long remained a mystery.
Not at all. National currency, for example, is backed by the government’s desire to maintain power, so you can be fairly certain that it will remain stable for as long as the nation remains viable. Bitcoin is backed entirely by random strangers agreeing to trade national currencies for it.
A confidence game too many people believe in
That can be said of all currency though.
Abolish all currency 👐
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Not at all. National currency, for example, is backed by the government’s desire to maintain power, so you can be fairly certain that it will remain stable for as long as the nation remains viable. Bitcoin is backed entirely by random strangers agreeing to trade national currencies for it.