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> There appears to be a real market demand for a currency that is not controlled by a national government, especially one that has the features of cash-like transactions. That bitcoin is lacking as an implementation is immaterial, people want it for whatever reason.

"We must do something, {random} is something, therefore we must do {random}" is generally regarded as a fallacy.



It is the Politician's Fallacy, usually attributed to the fictional Sir Humphrey Appleby from the brilliant TV series Yes Minister.


I was noting the phenomenon, not advocating for or against.




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