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BitcoinGus
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2024-01-16 18:05:42

BitcoinGus on Nostr: From 01/12/2009 to 7/14/2010 the #Bitcoin network established itself worldwide with a ...

From 01/12/2009 to 7/14/2010 the #Bitcoin network established itself worldwide with a native coin with "NO #FIAT VALUE." This was a CRUCIAL condition to establish a sufficiently decentralized monetary network. This condition can never be replicated by anyone aware of its criticality.

All attempts at creating an alternate, better than #bitcoin, #cryptocurrency have been doomed from the start as they have launched with tokens that have a #fiat price, insiders, opaque or changeable rules, and in 99% of the cases with a significant "pre-mine" of tokens that are owned by a few players. #bitcoin requires NO TRUST in individuals and it has NO LEADERS, whereas ALL #cryptos require their leaders to behave ethically and morally to sustain the marketability, credibility, and security of their tokens. #bitcoin or #crypto? (How is this still a choice?)

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npub1t5pz0h0a6ue9t57npvncvr0l7u4a3cgzmcxzunqnm28ghnwtvcystxwxlw