Replying to Avatar Jake Woodhouse

"If we look at it from the fiat perspective, from how traditional finance has worked for as long as I’ve been born and much longer, it’s very much rule makers and people adhering to those rules, and if you don’t, then you’re punished in some shape or form.

Whereas Bitcoin is very much, here are rules, everyone can play by those rules, they’re publicly known, they’re not going to be changed at a whim or at an 11-hour boardroom meeting in some dark room. It’s all there, it’s all fair, it’s all open for everyone to participate, and in theory, anyone can change those rules through the mechanisms in place on the Bitcoin protocol through BIPs and other mechanisms.

So I think that is a much better way to build at least a financial system for all, you know, 8 billion plus people on Earth. Whereas what we currently have is very much an unfair system designed to please a few and punish the majority, which, you know, you can see—everyone can look around anywhere in the world, even first world, third world, anywhere in between—there are problems, and those problems generally do stem from a broken monetary system."

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Jake Woodhouse 11mo ago

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