Replying to Avatar ₿lockchainYog丰

Bitcoin was designed as a peer-to-peer electronic cash system, enabling trustless transactions without reliance on financial institutions or centralized authorities.

How did we move from decentralization to seeking approval and adoption from the very institutions it was meant to bypass?

What happened ? #asknostr
Avatar
sister_sam 11mo ago

The book "Hijacking Bitcoin" tells a fair amount about what happened. That and speculation ruling instead of actually enabling truly free voluntary trade without seeking government or bankster permission or giving them a cut.

Reply to this note

Please Login to reply.

Discussion

Avatar
Zelaya 11mo ago

The audiobook is on YouTube. Well worth the time. Essential bitcoin was meant to be a cheap, easy payment system. Instead it was captured to be a ponzi scheme.