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Trust and Transformation: Bitcoin's Role in Global Finance
This chapter explores the complexities of trust in Bitcoin versus fiat currencies, focusing on the volatility of Bitcoin and its implications for individuals in the global south reliant on the US dollar. It highlights the rise of stablecoins as a potential solution for those facing currency limitations and delves into China's growing influence in global debt, particularly in development financing. The discussion underscores the alarming reversal of financial flows from poorer nations to wealthier countries and advocates for reevaluating current economic practices to foster true development.