Bitcoin didn't make sense until I understood the existing Fiat System better. Here is an excerpt from Adam Lebor's 'Tower of Basel' about he Bank of International Settlements which is basically a bunch of elites who align central bank policy around the world. As such they can control the cost of money globally and turn on an off fiat money expansion and control economies which are based on debt and hence can be controlled by the cost of that debt being controlled. Im sure there is more influence on the US Treasury market which I havent quite understood yet...
BTC represents a new system where the supply of money cant be centralized and controlled like in the fiat system. Instead if it more distributed and on a schedule created by the BTC Network of miners (energy tie), nodes and consensus rules.
"Bank for International Settlements (BIS), which is the bank for central banks. Its current members include Ben Bernanke, the chairman of the US Federal Reserve; Sir Mervyn King, the governor of the Bank of England; Mario Draghi, of the European Central Bank; Zhou Xiaochuan of the Bank of China; and the central bank governors of Germany, France, Italy, Sweden, Canada, India, and Brazil. Jaime Caruana, a former governor of the Bank of Spain, the BIS’s general manager, joins them."
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