The value of a money depends on How much of it is created, but it’s hard To audit the gold supply or find out how Many dollars or yen or euro are created. Failure to have a proof of reserves system Always leads to debasement of the money. Therefore An ideal money enables proof of reserves And thus is auditable by anyone on earth Without permission, from any computer. Bitcoin is a ledger where you can check The Proof of Reserves every 10 minutes, Verifying the supply and halting inflation.
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