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Comment Re:That's great and all (Score 2) 127

Last Mile - Owned by BT and mostly very low quality copper

BT will not invest because they have to give access to anyone at below rock bottom prices and might on the whims of the government get it taken away from them at any time

No-one else will invest because they can just hive off BT, the only exception is Cable, which is almost all one company...and so they have no reason to invest further either ...

Comment Re:The Queen (Score 1) 214

Originally by right of conquest then by inheritance, just like everyone else ...

By "Offered the Crown" you mean was selected by parliament as the successor to both the crown and the royal family and inherited all their assets both public and private - and the crown lands were private then as now ...

In the same way the government and the law decide who in your family will inherit if there is no valid will, but your company will decide who will get your job ...

Comment Re:Crap, the sky is falling (Score 2) 334

My government will always accept the current legal tender for payment of taxes
Any one trading in my country has to by law accept the current legal tender in payment

Some people will accept other currencies in exchange for the legal tender or in payment at whatever exchange rate they deem appropriate, but it is not required

No-one *has* to accept bitcoin anywhere, and the exchange rate is therefore *only* subject to market confidence and nothing else - and could be zero tomorrow ....

Comment Re:Crap, the sky is falling (Score 2) 334

Real world currency - A currency that has a value backed by either :

              Physical something of real value - Gold, Silver, etc that actually exists in a vault somewhere

              A Large entity who guarantee to pay, and are trusted enough to do so (Government/Bank/etc)

      And/Or - Fiat currency that will always (and sometimes will only) be accepted for the purposes of paying taxes and so will always have value

        All real world currencies are usually legal tender - It is required that people have to accept legal tender as payment for good and services

Bitcoin - A currency backed only by the assurance that they cannot be faked/cheated but is otherwise free floating
          No-one has to accept Bitcoin, if they do they can assign any arbitrary value to it as an exchange rate depending on how much they trust it ...

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