this post was submitted on 11 Mar 2025
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If a state converted from paper money to crypto, the only discernible differences would be like more computers, more transparency, less middlemen, etc. Crypto is literally just a new (distributed, open) form of accounting.
Sure, and that would make that cryptocurrency a fiat currency.
*Also, it's not even close to being new, the idea of distributed ledgers has been around for decades at this point.