Bitcoin is the Democracy of money.
Do you all remember, in our primary/secondary how we define Democracy?
The same thing goes for Bitcoin because it is the money of the people by the people and also for the people.
This is true because Bitcoin is created not by the government but buy some group of highly intellectual people headed by a man named (Satoshi Nakamoto) and also it is owned and controlled by forces of demand and supply, and also for the people by giving power back to the people which is you and me.
The Future
Bitcoin has enabled the future of money – giving power to the people and bringing us all a step closer to a decentralized, global economy.
It is an entirely new currency. But unlike the US dollar, the euro, the yen, or any other modern currency, there is no central authority. It is decentralized. It knows no borders, it is not a legal entity, and nobody controls it.
The power of Bitcoin is giving power to the people.
As there is no central authority, no one can suddenly declare that bitcoin is no longer valid or that some denominations are no longer accepted. No one can deduct fees from your account, put a hold on your account, or freeze your funds. You can send money to anyone in the world, without restrictions, and you do not have to worry about inflation or how your government chooses to manage its currency.
For the first time in history, people are able to have a currency that is not dependent on their government or banks. Never before has this been possible.
We have heard so many time when bailout is been given or recieved by CBN but that is not the same with bitcoin because it is self sustaining. It is not manipulated by the government and never consumed by inflation.
All this about Bitcoin won't be possible without a technology we call the blockchain.
In my next post I will talk about blockchain technology and also how you can use bitcoin, blockchain and crypto trading to gain financial freedom.