The Seven Primal Elements Of The Bitcoin Brand

People tend to be dismissive about new forms of money.

This makes absolute sense because the value of a monetary asset resides primarily in the fact that other people are already using it.

In this sense, any attempt at introducing a new form of money into the world has very slim chances of succeeding.

In modern world history, governments have had a monopoly over money creation initiatives. Just imagine how everybody would react if a new monetary asset were to show up. If that asset were not even backed by a nation state, its chances of success would be even slimmer.

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