Source: Bitcoin.com
by Corbin Fraser
“Physical cash is being phased out, replaced with digital fiat systems that offer no privacy. Authorities can turn off your access to this money at the flick of a switch. Meanwhile blockchain technology has enabled a vastly superior alternative, at least from the perspective of individuals. Digital scarcity is now possible, and it does not rely on centralized authorities. Cryptocurrencies like Bitcoin are permissionless, meaning they are available to anyone. Some cryptocurrencies create levels of privacy that terrify governments. As these technologies continue to rapidly evolve, they challenge the need for businesses and consumers to use traditional government-controlled money.” (09/18/24)
https://news.bitcoin.com/fiat-currencies-will-be-irrelevant-within-a-decade/