Mike replied: «Bitcoin is collective insurance against the collapse of fiat currency systems.» (coindesk.com)
Bitcoin has every chance of emerging as the next big global currency given the crackdown of fraudulent activities entered into by commercial banks as well as the downfall of global fiat currency system. (kryptomoney.com)
Jim Rickards uses the idea of «confidence» to describe why money has value, and this is a concise way to demonstrate why the modern fiat currency system has been... (cambridgehouse.com)