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Not only would the govt have to do these two things we would also have to have a guarantee they wouldn’t start doing it again. So in opinion even if they stopped spending so much, just the fact that with the current system they can is enough for me not to want to store my wealth in fiat.
That's right. The video is making this point in a somewhat facetious manner. The only "threat" to Bitcoin is for the state to stop acting like a state.
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