Bitcoin offers a solution to fiat currency problems from "summary" of The Fiat Standard by Saifedean Ammous
The fundamental problem with fiat currencies is that they are subject to the whims of governments and central banks. These institutions have the ability to print money out of thin air, leading to inflation and devaluation of the currency. This erodes the purchasing power of individuals and distorts economic decision-making. Bitcoin, on the other hand, is a decentralized digital currency that is not controlled by any single entity. Its supply is fixed and capped at 21 million coins, making it immune to inflationary pressures. By offering a fixed supply, Bitcoin provides a hedge against the devaluation of fiat currencies. This scarcity is enforced by the protocol itself, ensuring that no individual or group can manipulate the supply of Bitcoin. This gives users confidence that their holdings will not be diluted over time. Furthermore, the transparent and immutable nature of the ...
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