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#101: Peter Smith—What in the World is Cryptocurrency?
Business Made Simple Podcast
Bitcoin: A Decentralized Currency
2min Snip
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The US dollar is backed by faith that the United States government contacts its people. So Bitcoin has nobody to tax. There's a yawning chasm in terms of dependability between the U.S. currency or Chinese currency and Bitcoin currency. And yet it's still working. That's why I think people are actually excited about it and kind of timid about it. It's fun to move outside of the traditional markets where it's all owned or backed by governments.
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