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If the US government said that it was creating a new currency and USD were no longer the official currency, what would happen to the USD?

And to be fair to the USD, Bitcoins regulations are laughable simplistic compared to a "real" currency, especially since it is so heavily biased towards deflation.

I do not mean to say that Bitcoin is unsound or poorly designed, just saying that the intrinsic tools available cannot compare given the scope of the initial creation.

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