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Fiat money — money like the American (USD) or Canadian (CAD) dollar — is issued by the government, meaning there’s a central authority that controls its value, interest rates, and supply (how much is in circulation). Many view this degree of government involvement in the mechanics of the free market as manipulation and as an archaic (and futile) attempt to manage a vast and complex economic system. A noble intention at best, a catalyst of hyperinflation that makes wealth building very difficult for the average person, at worst.
Cryptocurrencies, on the other hand, are decentralized — all transactions are done peer-to-peer or through smart contracts and there’s no authority overseeing them. Many people consider this a massive advantage over traditional money, because it gives them full control of their assets.
source https://duchonsigns.wordpress.com/2022/02/11/explained-everything-you-need-to-know-about-cryptocurrencie/
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