Post
Topic
Board Bitcoin Discussion
Re: Why local currencies when there is bitcoin ?
by
mamesso
on 18/07/2023, 02:23:14 UTC

=> A local currency can only be used in a restricted territory: city, region, and only concerns a limited range of goods and services. It is set up by an association which manages it with the help of a financial institution. You can only pay with the local currency for certain goods.

In my country there is only one local currency or fiat currency that can be used throughout the region, there are no certain restrictions for paying for goods and services. Local currency which is very limited in nature does not have freedom for its users, when you go to another area the currency has no function.

I just found out that there are about 80 local currencies in your country because so far I know there is only one fiat currency in a country. Nothing can match the advantages of Bitcoin, local/fiat currency is limited, while Bitcoin is general. Tell your friends we already have Bitcoin that is inflation-resistant and not regulated by any particular authority.