Functioning akin to physical gold, Bitcoin reshapes monetary assets via transparent algorithm, fixed supply, bearer asset role. Traditional fiat relies on central management, contrasting predictability and effectiveness.
Bitcoin's transparent, fixed supply policy contrasts with fiat's centralized management, echoing Hayek's critique. Immutable 21-million supply cap is sacred, skepticism towards leveraging Bitcoin as akin to fiat practices prevails.
#bitcoin-evolution #digital-base-money #monetary-assets #fiat-currencies #transparent-monetary-policy
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