Fiat vs Bitcoin — An outlook on the adoption of Bitcoin

Willi Wiedergold
Aug 3 · 11 min read

This article tries to explain why Bitcoin can become the successor to the current monetary system that we use. It is focused on the fundamental aspects of good monetary technology and compares the imperfections that each system has.

What is money?

Money was invented — yes, it is a technology- to participate in a highly specialized economy…