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The Basics of Money and Crypto
Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies. But..
- Why create a Digital currency that is not controlled by a bank? and
- What is the problem with just using traditional currencies?
To understand this, we must first understand how money is created and see what problems need to be solved.
We will do our best here at Renaise.io to keep it simple and use everyday examples.
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