Fiat money is essentially proof-of-stake where the ones with most stake run the full nodes (banks) and everybody else runs SPV. Whatever changes to consensus (money supply) we just have to accept. Our choice is to hard fork this system and start a new currency. submitted by /u/Bitcoin_21
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Source and link to Reddit topic: Fiat money is essentially proof-of-stake where the ones with most stake run the full nodes (banks) and everybody else runs SPV. Whatever changes to consensus (money supply) we just have to accept. Our choice is to hard fork this system and start a new currency.

Author: Reddit.com