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This is the wrong way to look at it. All functioning currencies are about trust. Both Bitcoin and fiat currency has trust. Bitcoin has more trust than some gov
by ThomPete 9y ago
This is the wrong way to look at it.
All functioning currencies are about trust. Both Bitcoin and fiat currency has trust. Bitcoin has more trust than some governments fiat currencies and less than others.
Bitcoin is the first truly international wire transfer system all others are based on contracts between banks in an international network.
It's an international currency with no country or bank owning it. That alone makes it extremely valuable.