🔴How Central Banks Destructively Influence Decentralized Finance?

🔻Existing systems, such as central banking, operate effectively in some manners and ineffectively in others for a variety of reasons
Modern banking systems have incurred many damages and still are wreaking havoc on people’s life, although they are flexible and powerful enough for administrators to manage the economic upheavals and shockwaves like what we are undergoing. Nevertheless, independent monies follow an absolutely different path
Unlike a bank, Bitcoin has no balance sheet and possesses no notion of credit or debt. In other words, the protocol maintains only what users own, not what is owed to them or what they owe to others. It promises only scarcity and censorship resistance. As a result, Bitcoin cannot be bailed out, cannot bail others out and requires virtually no supervision.

#bitcoin
#economy
#FriedrichHayek
#indipendentmoney
#centralbanks