Cryptocurrency

The ideals are the advantage of Bitcoin compared to fiat

If something has been proud the crypto community over the years, it is of the ideals that sustain it. And is that, for those who do life active in the world of cryptocurrencies, the values of decentralization are a part of the foundation of their beliefs. What is not always present in all who have crypto assets. In spite of that, the crypto influencer Jimmy Song mentioned in the Tweet of the day, that the ideals that are the great advantage of Bitcoin against fiat money:

The ideal keep to Bitcoin vs. fiat money

There is No better example of the strength of the ideals behind Bitcoin, that the story of the beginning of the criptomoneda. Therefore, before it reached a price of several thousand dollars, there was already a community committed to the technology of Blockchain and the currency of Satoshi Nakamoto.

This group of developers and enthusiasts of cryptography, believed in a first time in the future of Bitcoin. This was mainly due to the ideals that sustained the criptomoneda, in contrast with fiat money. Values such as decentralization, freedom and privacy, were identified, and still remain to this day, as fundamental to the Blockchain.

The ideals born in forums such as BitcoinTalk is the great advantage of Bitcoin against the fiat

And although with the passage of time new users were entering the crypto market, driven by reasons different to these early ideals. The values that make up the core of the technology Blockchain are still, for the crypto influencer Jimmy Song, the main advantage of the Bitcoin against the fiat money traditional.

“The reasons for the adoption of #Bitcoin are much more humble that the ideals of the hard core. That does not mean that the ideals are not necessary. The ideals are what give #Bitcoin the moral advantage in front of the fiat money, and finally lead to victory“.

Well, for Jimmy Song what makes Bitcoin so special are exactly those ideals was built on the crypto community. Which, even if they are not shared by all users of the cryptocurrencies in the world. Are the shield that make them so tough in front of the fiat.

Did you like the content? Share it

About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

Do NOT follow this link or you will be banned from the site!