Bitcoin represents a breakthrough in the technology of money from "summary" of The Bitcoin Standard by Saifedean Ammous
Bitcoin's significance lies in its ability to revolutionize the way we perceive and use money. Unlike traditional currencies controlled by governments and central banks, Bitcoin operates on a decentralized network that is not subject to manipulation or interference. This peer-to-peer system allows for transactions to be made directly between users, without the need for intermediaries or third parties. This eliminates the need for trust in a central authority, as the network itself is built on a system of consensus and transparency. Furthermore, Bitcoin's limited supply of 21 million coins sets it apart from fiat currencies that can be printed endlessly by governments. This scarcity ensures that the value of each Bitcoin is protected from i...
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