Why do you consider fiat currencies to be permissioned money held at the pleasure of the state?
Replied byMichael Saylor
Founder & Chairman at MicroStrategy
Niche: Cryptocurrency
Revenue: Approx. 40 Million USD/month
Location: Tysons Corner, Virginia, United States
Started: 1989
Fiat currency requires permission from a network of commercial and central banks to hold or transfer. If you walk through an airport with a stack of cash, the government can seize it. If you keep it in a bank, the bank controls when and if you get it back.
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