This article is dedicated to my first 100 followers, who inspire me to continue sharing knowledge about the crypto world. And especially to a friend, a philanthropist who encouraged me to start this path with a wise piece of advice: "Don't talk about what you're going to do, just do it. Share your achievements when they're done."
It was he who, when I asked him about Bitcoin, told me: "It is a technology that gives control to the people, something that governments will never accept." His words resonated with me and motivated me to look deeper into the subject.
Bitcoin was born in response to the 2008 financial crisis, a crisis caused by irresponsible banks and government manipulation of the financial system. It offered an alternative: a decentralized system where power lies with the people, not the institutions.
How does Bitcoin give us control?
The key lies in the blockchain trilemma: decentralization, security and scalability. Bitcoin prioritizes decentralization and security, sacrificing some scalability.
Decentralization: There is no single point of failure. Thousands of nodes around the world validate transactions, making the network resistant to censorship and manipulation.
Security: Bitcoin's strong cryptography protects transactions and funds. Hacking the network is virtually impossible.
Scalability: Bitcoin processes fewer transactions per second than other blockchains, but second-layer solutions like the Lightning Network are being developed to improve this.
Why are governments afraid of Bitcoin?
Because it challenges their control over money. With Bitcoin, they can't print money at will or seize funds without your consent. That's why they initially ignored it, then attacked it, and finally, unable to beat it, joined it with ETFs.
The enemy's strategy:
Bitcoin ETFs allow governments to control a significant portion of the supply, influencing the price and limiting its decentralization. Their goal is clear: to tame the beast they could not control.
What can we do?
Educate ourselves: Understanding blockchain technology and the potential of Bitcoin.
Hoarding: Buying and holding Bitcoin as a store of value and hedge against inflation.
Using it: Transact with Bitcoin, supporting its adoption and strengthening the network.
Share:Spread information about Bitcoin and its importance for financial freedom.
Bitcoin gave us a weapon against inflation and government control. Let's use it wisely.
#Bitcoin#Decentralization#FinancialFreedom#BlockchainTrilemma#ETF
Share this post if you believe in the power of Bitcoin! Help me reach 1000 followers and together we will build a more informed and empowered community. đ
PDT
A SMALL IMAGE OF WHAT THE SETTLEMENT MAP LOOKS LIKE AT 22:10 COLOMBIAN TIME 05/10/2024
BTC PRICE BELOW 60,000 LOOKS LIKE A BARGAIN IN MY CONCEPT
