Bitcoin The Stateless Emergence – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


Bitcoin transcends the nation-state and all expectations that come along with being associated with a fiat standard. Let’s talk about what it means to be a state currency so that we can understand Bitcoin’s transcendence.

How Fiat Is The State

Fiat currency, by definition, is a government-issued currency that is not backed by a commodity, such as gold. Governments manage nation-states and control the supply of fiat currency — this can be referred to as M1 supply, which encompasses most physical representations of money.

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