&gt; Since most HN readers are technical, this comment is being downvoted by bitcoin enthusiasts among them.<p>No, you&#x27;re being downvoted by technical people because you&#x27;re missing the whole point of decentralized digital currencies. Educate yourself: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Cryptocurrency#Timestamping" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Cryptocurrency#Timestamping</a><p>&gt; I love fiat currencies, they&#x27;re one of the great achievements of modern civilization.<p>Yeah, unless you want to export some Cuban cigars from Germany to Denmark: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Society_for_Worldwide_Interbank_Financial_Telecommunication#US_control_over_transactions_within_the_European_Union" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Society_for_Worldwide_Interban...</a>