It could be the result of
the nature of fiat currencies and the fact government's control them and spread propaganda about money.
In his paper, Reid essentially criticized the centralized
nature of fiat currencies and the ability of governments, authorities, and central banks to manipulate virtually aspect of paper money, including inflation rates.
Not exact matches
I don't really see any big difference between
fiat currencies and this one, apart centralized
nature of state issued ones.
Because
of the
nature of credit cards and
fiat currency, there is inherent difficulty in buying goods and services from different parts
of the world.
Unlike the open - ended
nature of most
fiat currencies, there is a limited supply
of Bitcoin and other popular cryptocurrencies.
The peer - to - peer
nature of the
currency and it not being susceptible to inflation and political upheavals, that have plagued
fiat currencies, makes it an attractive value proposition for the continent.
The decentralized
nature of cryptocurrencies makes them perfect substitute for
fiat currencies.
While some asset classes like traditional commodities and
fiat currencies are more stable, it's the high risk / high return
nature of cryptocurrency investing that has fuelled the explosion in its popularity in recent months.