Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: How Satoshi Nakamoto Fooled the World
by
aylabadia05
on 14/07/2022, 10:03:30 UTC
⭐ Merited by The Pharmacist (3)
When banking system was created, the bills were attributed some value, something we today call as fiat currency. Its nothing but a piece of paper backed by reserve bank. Still it changed the way we do transactions( Previously it was barter). Then came the online banking, but it lacked the flexibility of true digital currency. That is where satoshi saw opportunity and gave us a system of online currencies, today we call as crypto, which can help us make blockchain based transaction. Which outweighs fiat or online banking.
You are right and I agree with you.
2017 I am familiar with this forum and continue to explore the "difference" between the process of using fiat money and digital currencies otherwise known as crypto. Satoshi's intelligence in giving birth to crypto is extraordinary, especially Bitcoin. He came not to fool the world, but Satoshi conveyed to the world that Bitcoin is the best solution when it comes to future finances. So it is appropriate that the sentence CryptocurrencyBitcoin is freedom, Banking is slavery that Lauda quoted from Arif Naseem.