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'Blockchain will do to banking what the internet did to the media', a rather bold statement, right?In the modern age, minted currencies often take the form of paper money which does not have the same intrinsic value as coins made from precious metals. Perhaps even more likely, though, individuals utilize electronic currency and payment methods. Some types of currencies rely on the fact that they are 'representative,' meaning that each coin or note can be directly exchanged for a specified amount of a commodity. However, as countries left the gold standard in an effort to curb concerns about runs on federal gold supplies, many global currencies are now classified as fiat. Fiat currency is issued by a government and not backed by any commodity, but rather by the faith that individuals and governments have that parties will accept that currency. Today, most major global currencies are fiat. Many governments and societies have found that fiat currency is the most durable and least likely to be susceptible to deterioration or loss of value over time.3mmgp bitcoin claim bitcoin Ключевое слово bitcoin reddit new bitcoin bitcoin mt5 bitcoin loan bitcoin чат ethereum crane bitcoin nvidia конвертер bitcoin bitcoin trezor шифрование bitcoin wisdom bitcoin bitcoin fork bitcoin exchanges stealer bitcoin bitcoin scanner bitcoin автосерфинг joker bitcoin
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