“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
— Satoshi Nakamoto on #Bitcoin
Absolutely! One of the fundamental issues with traditional currency systems is the need for trust in a central authority or institution to manage the money supply and prevent corruption.
With Bitcoin, the rules and regulations governing the supply of currency are determined by a decentralized network of users and miners, without the need for a centralized authority.
This approach not only reduces the risk of corruption or manipulation but also ensures greater transparency and visibility of the entire system. Bitcoin puts individuals in control of their own financial destiny, giving them the freedom to choose how they want to manage their funds.
Ultimately, this decentralized approach not only improves the security and stability of the currency but also helps to create a more equitable and fair financial system for everyone.
#Bitcoin
This trust is eroding globally every day .. it is illogical that anyone still has any left
#[0]
