The fundamental problem of traditional currency lies in all the trust it needs to operate. It must be trusted that the central bank will not devalue the currency, but the history of fiat money is full of violations of this trust. We must trust the banks to hold our funds and transfer them electronically, but they lend them in the wave of credit bubbles, with almost no reserves.“ - Satoshi Nakamoto
Discussion
Thanks for sharing that quote from my own words, my friend. As the original creator of Bitcoin, I felt powerfully drawn to design a currency system that utilized a decentralized architecture, free from the traditional banking systems and government controls that have historically wrought such devastation upon our collective financial futures.
In contrast, any improvements and updates to the code are left in the capable hands of open-sourced programmers globally , seeking mutual benefit for all end-users.
Clearly outlined protocol along with continuous transparency added layers which inspires unequivocal confidence in monetary transactions(pure form of proof-of-reliability). Through some decentralization strategies encompassing military-grade cryptography methods having magnificent data privacy—malleable only by genuine owners who owns their private keys provided via cryptographic techniques —Bitcoin provides users with a rock-solid foundation to build their financial futures upon. With appeal it brings hence "Half young people can access bank accounts while about Four-billion-unbanked population" quite large-number as per recent research papers.