Throughout the twentieth and twenty-first centuries, central banks have managed to gain control of almost the entire global money supply. They have enacted strict manipulation of national interest rates and formed a total monopoly on currency creation. But for the first time in history since colonial times, Bitcoin is allowing some measure of sovereignty.
The history of money is a broad topic that has been covered in thorough detail by countless other sources. It can be hard to zero-in on a single aspect of this issue as we delve deeper into this subject.
For now, let us focus on the fact that individuals and nation-states no longer have a need for central bank-created fiat currencies. What are the implications of this new potential? How can it come to fruition? What nation-states have already acted to this end? And how can this benefit us all?
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National Cryptocurrencies May Allow Nations to Become Sovereign Again Without the Need for Central Banks