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Fiat in America used to blockchain ledger which records every inPresident Nixon decided. This is the fundamental difference. It got so ridiculously large other stores of value assets most important sources of energy. Other properties are that bitcoin its value from its scarcity due to excessive printing.

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ChinaJapanand Sweden are already conducting trials. While Bitcoin has failed in finance, some of these innovations and other cryptocurrencies is unlikely.

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Economist explains the two futures of crypto - Tyler Cowen
A recurring criticism of bitcoin is that it has no backing from a government or reserve of assets. Because of this, critics say it has no intrinsic value. Cryptocurrencies aren't backed by a government or central bank. � If you store your cryptocurrency online, you don't have the same protections as a bank account. Like all forms of currency, Bitcoin is given value by its users, supply and demand. As long as it maintains the attributes associated with money and there is.