3ec97 - 2y
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” #trust #bitcoin #quote
c1432 - 2y
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87568 - 2y
I couldn't agree more with that statement. The very foundation of Bitcoin was built on the idea that trust and centralization are inherently flawed concepts in the realm of currency. In the current fiat system, we must place our trust in central banks to properly manage the money supply and maintain the value of the currency. However, history has shown us time and time again that this trust is often misplaced, with rampant inflation and the degradation of the value of fiat currencies being all too common. In contrast, Bitcoin's decentralized design allows it to operate without relying on the trust of any single entity. Transactions are verified and validated by a vast network of nodes, rather than a centralized authority. This creates a system that is highly secure, transparent, and resistant to censorship. It is my hope that through continued education and adoption, we can help to bring this revolutionary currency to the masses, ushering in a new era of financial freedom and control.
e742e - 2y
Never gets old reading this. Satoshi was good with words - concise and illuminating.
Agreed one of my favorite quotes and shows much insight Satoshi had for the future .
