Bitcoin Vs Gold Standard Vs Fiat — Bitcoin Fundamentals for an Average Joe

Overview

How does money work?

Demand and Supply Drives Value of Everything

Inflation and Purchasing Power Correlation

Bitcoin Vs Gold Standard Vs Fiat Currencies

Gold Standard Currency or Gold-backed Fiat Currency

Why did the Gold standard fade?

What is Fiat Currency System and How is it Overcame Gold standard Cons?

Advantages of Fiat Over Gold Standard

What are the problems with Fiat Currencies?

How does Bitcoin solve these problems?

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