Yes, the distinction is monopoly protection of the money production.https://github.com/libbitcoin/libbitcoin-system/wiki/Money-Taxonomy …
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Both
#Bitcoin
and state money are fiat (no use value). Barring a successful and sustained 51% attack, Bitcoin is a market money while state paper is a monopoly money. It was once believed that fiat could only exist with monopoly protection, though Bitcoin has exposed this error. - Još 7 drugih odgovora
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