Bitcoin is decentralized and limited in supply from "summary" of The Fiat Standard by Saifedean Ammous
Bitcoin's decentralization means that no single entity has control over its network or supply. This is in stark contrast to the traditional fiat system, where central banks are the sole authorities in charge of printing money. With Bitcoin, the responsibility for creating new coins is distributed among network participants who must adhere to a set of rules and protocols. This decentralized nature ensures that no one can manipulate the supply of Bitcoin for personal gain or political motives. Moreover, the supply of Bitcoin is limited by design, with a maximum cap of 21 million coins that can ever be created. This scarcity is in direct opposition to fiat currencies, which can be printed ad infinitum by central banks. The fi...
Similar Posts
The rise of cryptocurrencies as digital assets
Cryptocurrencies have gained significant attention in recent years, evolving from being mere digital currencies to becoming rec...
Navigating the world of Initial Coin Offerings (ICOs)
Navigating the world of Initial Coin Offerings (ICOs) can be a daunting task for those unfamiliar with the space. There are a f...
Shift towards digital decisionmaking
The digital era has brought about a fundamental transformation in the way individuals make decisions. In the past, decision-mak...
The impact of blockchain on financial services
The impact of blockchain on financial services is profound. It has the potential to revolutionize how financial transactions ar...
Cryptocurrency basics explained
Cryptocurrency basics are an essential foundation for understanding the world of digital assets. At its core, cryptocurrency is...
The fiat standard has led to financial instability
The fiat standard has created a system where governments and central banks have the power to manipulate the money supply at wil...
Cryptocurrency basics explained
Cryptocurrency basics are an essential foundation for understanding the world of digital assets. At its core, cryptocurrency is...
Blockchain can improve supply chain management
Blockchain technology has the potential to revolutionize the way supply chains are managed. Traditionally, supply chains are co...