Historically, central banks have controlled monetary policy, adjusting money supply, interest rates, and serving as lender of last resort to guide the economy towards stability and growth. In 2009, Bitcoin introduced an alternative: a decentralized digital currency not steered by a small group of human decision-makers but by immutable rules set in code. This shift challenged the conventional reliance on central authorities: Bitcoin’s monetary policy was pre-determined at its creation and governed thereafter not by policymakers, but by its underlying open source code which all can see and attest to. Many of the core ... (full story)