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Mining BTC is as much like counterfeiting USD as mining gold is like counterfeiting USD, which is to say, not alike at all.

Except gold exists as a material/commodity. Cryptocurrency was invented.

Crypto does not pretend to be dollars, so no it's not counterfeiting any more than the X foreign government printing Y non-USD currency is counterfeiting.

When thr government prints money, it isn't counterfeited. When you mine crypto, it isn't counterfeited, because everyone is crypto's "government"