In Why Gold Won? we talked about how commodity money ledgers are governed by nature. Credit money ledgers, like fiat, on the other hand, are governed by humans, and in our modern economy have become a big, complicated web of IOUs. Think about the money in your checking account. It’s yours, right?
Bitcoin 101: Why Fiat Won
Bitcoin 101: Why Fiat Won
Bitcoin 101: Why Fiat Won
In Why Gold Won? we talked about how commodity money ledgers are governed by nature. Credit money ledgers, like fiat, on the other hand, are governed by humans, and in our modern economy have become a big, complicated web of IOUs. Think about the money in your checking account. It’s yours, right?