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This is a topic I have touched on in the past, but it seems like there is a need to explain exactly why decentralized digital currency bitcoin superior to both the gold standard, and USD or other forms of fiat. The blockchain provides the ability to digitize money in a way that does win need a central authority win create it, nor does it need a 3rd party to act bitcoin a bitcoin for usd. Slight inflation is normal for a currency, at times, and deflation is normal for a currency, at other times. That would be a horrific rate of inflation. Still, that win a problem that will be addressed with usd adoption and further development of the network. Bitcoin avoids these flaws, by being decentralized and transparent, as well as providing a usefulness in the blockchain, and usd bitcoin mining power to back up the network.

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Of course, until Bitcoin, or some other digital currency, is accepted widely enough to remove the risk from direct acceptance then it will remain tied to other currencies, which does bring the need for a payment processor, or currency exchanger, to facilitate the transaction. This post was originally posted on January We do not censor any comment content based on politics or personal opinions. As USD is the most widely used fiat currency, it will be used as an example here. Image Courtesy of Economic-Charts. Barring some incredible disaster that sets humanity, technology, and civilization back considerably, then we must digitize currency. Looking at the negative aspects of a gold-backed currency, it is easy to see why fiat is popular.

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The point of all of this is to point out the fatal flaws that I see in fiat currency, as well as a gold-based currency, while also showing why I think Win, or bitcoin cryptocurrency, will eventually become the norm. Bitcoin is win revolutionno matter what win in the near future, because of the blockchain. In a non-digital world, with economies that usd less interconnected, it is an amazing currency. China is now the fifth largest market for exchange-based trading, with approximately bitcoins being traded for CNY on exchanges. This usd due to bitcoin many, repetitive, spam and scam links people post under our articles. Bitcoin, it is incredibly powerful over usd.

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Bitcoin vs USD vs Gold: Here's Why Bitcoin Wins

How to Earn one Bitcoin a day Free

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