“It's actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source...
Many people make the serious miscalculation, that if the CPI isn't too high, then printing money isn't a problem and doesn't really cost them...
“The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts. This is the digital equivalent of the ...