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Other nations face similar issues. Countries like Venezuela, Argentina, and Turkey have experienced hyperinflation, with their currencies losing nearly all or a large portion of their value. Even major currencies like the euro or the British pound have depreciated against inflation, just not as dramatically.
Enter Bitcoin: A Better System
Given the flaws in traditional monetary systems, is there an alternative? The answer is yes: Bitcoin. Bitcoin offers a revolutionary new approach—a digital money system built on software that is transparent, decentralized, and self-enforcing.
What Is Bitcoin?
Bitcoin is essentially a global, digital spreadsheet running on thousands of computers worldwide, known as Bitcoin nodes. This software:
- Keeps track of who owns what