Is Bitcoin The Awaited Redemption For The Flawed Monetary System

The fiat monetary system currently in place is a "proven failure." Paper money gets introduced into the system with high value, but as time progresses, the cash is overprinted, and it loses its value. For example, the US dollar, used as the fiat currency's global standard, has seen a 1,934% inflation since the year 1800. The fiat has no intrinsic value, has an unlimited supply, and follows government regulations. Bitcoin technology may be the liberator of international monetary systems. Due…