Satoshi Nakamoto, The Hero Humanity Needs
Not all heroes wear capes...
By: The Hero Gig Staff
May 11, 2022
The 2008 financial crisis brought into light many things the elite did not wish the common folk to know. One of these things is how money is actually created. The majority of the world believes (even to this day) that their currency is backed by gold or that their currency is safe (at least for people in the USA). Enter Satoshi Nakamoto, a brilliant software engineer who is attempting to save the world by providing a superior monetary system.
The following are his latest contributions to humanity:
Our current monetary system is based on the fiat standard. This fiat standard relies on the dollar as the world reserve currency. The strength of the dollar relies on a variety of factors: government decree, petro-dollar relationship, and the United States Military.
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All three factors rely on what is called the "Proof of Violence". This means that if you do not use this system, it is guaranteed that you will be a target by the powers that be.
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Now, Satoshi attempts to break away from this system by introducing the Proof of Work method where a network of computers solve complex mathematical problems in order to win a block reward of bitcoin.
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The one difference that is very unique between bitcoin and the other altcoins is that its founder is only known by his pseudonym of Satoshi Nakamoto. Nobody really knows who he is and that's what makes this important.
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Since nobody knows his true identity, he can be a symbol that is incorruptible not unlike Batman. Someone that cannot be controlled is very rare in this world.
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Finally, it is an admirable trait for someone that has $50 Billion worth of Bitcoin in a wallet can just walk away from it in order to help change the world.
In today's world, there are lesser and lesser things we can truly own. Even the house you live in doesn't fully belong to you because of the property taxes that you pay. This is essentially a subscription you pay to the government for them to allow you to "own" this house.
Bitcoin fixes this...
People say that Bitcoin does not actually produce anything (think Warren Buffet). However in my opinion, Bitcoin does produce something. It produces trust between two parties. In the current system, trust is provided by a third party entity. Lately this third party has been abusing its role of providing trust and stability.
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