Due to the control given to few groups of people, fiat is a _____________ form of money.
- unfair
- centralized
When the supply of a monetary good continues to be inflated, it is ________________.
- becoming less valuable
Government fiat has a(n) ______________ supply.
- infinite
What are some other traits in which fiat money falls behind?
- Verifiability
- Censorship-resistance
- Durability
- Fungibility (uniformity)
While banks only work for certain people from 9-5, Monday-Friday, Bitcoin functions for __________________.
- everyone, 24 hours a day
Who is Bitcoin’s CEO?
- There is no CEO!
Why are Bitcoin’s monetary properties so difficult to change?
- The power to make changes is decentralized
Only ____________ million Bitcoin will ever exist.
- 21
How many satoshis are in a Bitcoin?
- 100,000,000
What are some key benefits Bitcoin provides over fiat as a monetary good?
- Limited supply
- Decentralization
- Censorship-resistance
- Reliable store of value
