Post
Topic
Board Economics
Re: Proof of Stake from an austrian school perspective
by
hashman
on 30/01/2015, 01:29:48 UTC

 USA (and other countries) have a powerful army they use to back fiat.



I never understand what people mean by that.  Can I bring my note to the bank and they will give me a soldier? 
The army is a huge cost to an average fiat holder/user, not a benefit.