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Options come in 2 different flavors. Call options offer the agreement holder the right to buy the currency. Put alternatives provide the agreement holder the right to offer the currency to someone else.
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The state issues the cash. This is called fiat money – cash without any fundamental value Cryptocurrency aside from the reality the state declares it legal for all debts and monetary commitments. The state then imposes a monopoly on the problem of this fiat money – guaranteeing it can control it to its advantage.
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