Fiat Money's Hidden Consensus Mechanism

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https://bitcoinlighthouse.substack.com/p/proof-of-force-der-wahre-konsensmechanismus

Bitcoin uses proof of work; fiat money relies on force to maintain consensus. This concept explains wars and the rise of paper currency. The consensus mechanism behind fiat money is unspoken but central to global finance.

Image: https://substackcdn.com/image/fetch/$s_!QwzF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F93e8f1a3-ac18-4d88-a571-8142ef939966_1672x941.webp

Image: https://substackcdn.com/image/fetch/$s_!QwzF!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F93e8f1a3-ac18-4d88-a571-8142ef939966_1672x941.webp

#fiat #consensus #money #bitcoin

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