Key point: US Dollar is about 8% in its paper form, the rest is digital, in computers, written to a various hard drives (yes, it can be manipulated easily).
This is usually overlooked: US Dollar is more than 90% digital currency, at the other hand BITCOIN IS EXECLY 100% DIGITAL CURRENCY. Keep an eye on 100% – here is the thing: Any government issued currency is printed only to an extent. Vast amounts of any currency is digital. Digital part of the currency is where the magic happens 🙂 US dollar is only 8% in it`s well-known paper form, and the party is on its digital side (yeah, dark side – they could not resist 🙂 Think quantitative easing for example. No matter who controls the money creation (yes, money is something people are creating, and it is something that is created every day), the guy is very much tempted to manipulate the process. So, it`s like a dead end, but there is a solution. Meet the math & power of transparency!
Bitcoin is 100% digital and its creation is controlled by an open code algorithm (any programmer can review the code). The magic is something called blockchain which is technology bitcoin is based on. It holds enormous power since it enables a DIGITAL TRANSFER OF OWNERSHIP. Think about this for a sec.
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