Where fiat money requires centralization and trust in the same institutions that have consistently abused that trust, Bitcoin eliminates both: no central issuer, and no single point of failure. No longer bound to the will of a gracious king or malevolent tyrant, Bitcoin offers the key to self-sovereignty. It exists beyond the reach of central banks and corrupt politicians, providing a store of value that cannot be diluted, a means of exchange that cannot be censored, and a unit of account immune to centralized distortions.

— Neal Flesher, Modern Chains (Chapter 11)

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