The concept of money has been a cornerstone of human society for centuries, facilitating trade, commerce, and innovation. However, the centralized control of money has led to a concentration of power, which has far-reaching consequences for individuals, communities, and nations. The regulation of money has become increasingly politicized, resulting in a system that serves the […]
Most, if not all, fiat currencies are issued and “backed” by the government that issues them. This type of enforcement based backing is called de jure law. This just means that something is enforced by a legal system with courts and law enforcement that those courts operate. Bitcoin is unique because bitcoin is backed by […]