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Bitcoin vs. Traditional Currencies
This chapter examines the challenges faced by developing countries in adopting Bitcoin due to its volatility, leading to a preference for stablecoins like Tether. It discusses the dynamics between local currencies, Bitcoin, and stablecoins, exploring the implications of a Bitcoin-centric economy on debt, credit, and government regulation. The conversation also addresses the evolving relationship between nations and monetary systems in light of de-dollarization and the future of financial practices.