Bitcoin vs. Fiat: Resilience and Regulation

This chapter explores the resilience of Bitcoin as a financial tool in contrast to traditional fiat currencies, particularly during economic crises like the one in Lebanon. The discussion highlights the strategic advantages of Bitcoin, including its unique properties for permissionless transactions, while also addressing its challenges, particularly concerning government regulations and societal acceptance. Furthermore, the chapter critiques the historical role of currency and the influence of power dynamics in establishing what constitutes money.