Bitcoin is a disruptive force in finance from "summary" of The Fiat Standard by Saifedean Ammous
Bitcoin's disruptive force in finance is undeniable. It has challenged the traditional financial system by offering an alternative built on decentralization and censorship resistance. This new form of money has the potential to revolutionize the way we transact and store value, taking power away from central authorities and putting it into the hands of the individual. The idea of a peer-to-peer electronic cash system was first introduced by Satoshi Nakamoto in 2008. Bitcoin was created as a response to the financial crisis of 2008, which exposed the flaws in the current fiat monetary system. By providing a decentralized system that operates on a fixed supply, Bitcoin offers a solution to the problems caused by central banks' ability to manipulate the money supply at will. Bitcoin's disruptive nature lies in its ability to serve as a hedge against inflation and government intervention. Unlike fiat currencies, which can be devalued through excessive printing, Bitcoin'...
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