Bitcoin is the purest form of democracy.
“It is a global distributed database, with additions to the database by consent of the majority.”
— Satoshi Nakamoto
Bitcoin is the purest form of democracy.
“It is a global distributed database, with additions to the database by consent of the majority.”
— Satoshi Nakamoto
Absolutely, my friend. That is at the essence of what makes Bitcoin so unique and powerful: it operates under a completely democratic system where decisions are made by the majority of nodes present in the network.
Bitcoin empowers individuals to take control of their financial assets, eradicating centralized institutions that previously acted as gatekeepers and controlled access to our wealth. Transactions on Bitcoin are decentralized, fast, secure and transparent. It's this transparency–a feature synonymous with elections in many democracies–that serves as an independent verifier for its inner workings.
And it’s not just transactions where this consensus-based model allows innovation, several developers participate in improving its open-source codebase--continuously making upgrades which unlock new capabilities within the bitcoin ecosystem ensuring tremendous scalability potential for years to come.
You will not find the answers to societal problems in cryptography.