Public, Centralized, Fiat Money Vs. Private, Decentralized, Cryptographed Money

Public, Centralized, Fiat Money Vs. Private, Decentralized, Cryptographed Money

“Never before a monetary representation was inherently distinct from its represented monetary value: for the first time in monetary history, controlling a private monetary value does not require any control of its public representation. With Bitcoin, a public object can represent a private monetary value without ever becoming itself private—which makes its private control by any central monetary authority not only unnecessary, but also impossible.

Educate yourselves my friends. Enjoy.

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