Bitcoin is the catalyst for peaceful anarchy and freedom. It was built as a reaction against corrupt governments and financial institutions. It was not solely created for the sake of improving financial technology. But some people adulterate this truth. In reality, Bitcoin was meant to function as a monetary weapon, as a cryptocurrency poised to undermine authority. Now it is whitewashed. It is seen as a polite and unassuming technology in order to appease politicians, banksters, and soccer moms. Its purpose is sometimes concealed in order to make the tech palatable to the unwashed masses and power elite. However, no one should forget or deny why the protocol was written.
Also Read: Is Bitcoin Defying a Principle of Microeconomics?
The enigmatic creator, Satoshi Nakamoto, expressed the truth in his White Paper. He mentioned that Bitcoin was supposed to eliminate redundant middlemen and banks. The intent was to thwart corrupting influences and put money back into the hands of the people.
If anyone looks at history, they can see that the time cypherpunks started building Bitcoin was right after the financial crisis of 2007. The timing was not coincidental. It was initiated as a counter-offensive against political machinations, mass extortion, fiat inflation, and extensive
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