When Satoshi Nakamoto created Bitcoin, many viewed it as a solution to the drawbacks of fiat money. Historically, about 800 fiat currencies have come and gone, with many ultimately failing. Intriguingly, the fundamental reasons for establishing the fiat system remain elusive to many. Some argue that it was designed by governments to perpetuate corruption and fund endless global conflicts. In a nutshell, most fiat currencies have either supported military pursuits or protected financial magnates who benefit from such endeavors. Unraveling the Shadows: The War-Driven Legacy of Fiat Currencies Notably, U.S. presidential hopeful Robert Kennedy Jr. recently remarked , “fiat currency was invented to fund the cause of war.” A bold claim, but history does lend credence to Kennedy’s assertion. Ages ago, people traded with commodities and precious metals fashioned into coins. This practice shifted during the Yuan Dynasty in China (1271-1368 AD) under Kublai Khan. Fiat currency, in essence,
Official Bitcoin Latest News Blog 🗞️