The popular quote "Power corrupts, and absolute power corrupts absolutely" rings true when it comes to the corruption of banks. Their centralization of gold gave them immense power which ultimately resulted in an unfair advantage over people. While initially solving portability problems through centralization, this move created a new issue by concentrating too much power physically. Bitcoin is a decentralized alternative that prevents such concentration of power under one institution. People control their money without intermediaries, reducing the chances of corruption and abuse while still allowing for secure financial transactions. #BTC #decentralization

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Except they were already corrupt

Please elaborate more 🤓🙏