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Giacomo Zucco: Bitcoin, banks, monopoly & tokens (I)

Crypto Voices

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The Second Kind of Centralization

Central banking basically came into existence mainly thanks to the huge centralization of fiduciary gold. In a case in which central banks start to issue Bitcoin based notes basically you can still keep the rule of a central bank but there is not that necessity anymore because Bitcoin alike physical gold can be sent directly over the internet at huge distances instantaneously.

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