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A major attraction of Bitcoin is that unlike FIAT currency, there will be a fixed maximum number of Bitcoin. This means it has the potential to retain value much better than FIAT currency, as you can't simply print more Bitcoin as you can FIAT.
With a FIAT currency system, the banks can and do create money out of thin air. This has led to inflated property prices and asset prices in general in the UK. It is not a fair system, because the banks can print money to keep themselves afloat, at the expense of the poorer sectors of the population that struggle to afford daily living costs, e.g. their property costs. Any system that allows a select few to control the money supply is by definition unfair. This is why Bitcoin is likely to meet resistance from those with vested interests, i.e. governments and the banking establishment. The reason I support Bitcoin is that it is fundamentally more egalitarian.
With a FIAT currency system, the banks can and do create money out of thin air. This has led to inflated property prices and asset prices in general in the UK. It is not a fair system, because the banks can print money to keep themselves afloat, at the expense of the poorer sectors of the population that struggle to afford daily living costs, e.g. their property costs. Any system that allows a select few to control the money supply is by definition unfair. This is why Bitcoin is likely to meet resistance from those with vested interests, i.e. governments and the banking establishment. The reason I support Bitcoin is that it is fundamentally more egalitarian.