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meaning that it is not approved by any government as a legal tender.
The big question is how sure can we be that this is something that is going to hold and not just another scheme that has been designed to rob people off their hard earned cash. Another question about digital currency is how sure can we be that this is not going to fail as we saw some time back with egold. However, it is important to note that egold failed as the real owner of egold could not be verified but Bitcoin took care of this problem.
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