Ten years after Satoshi published the white paper that gave us bitcoin – and the explosion of innovation it launched – I continue to be astounded at its transformative power.
Money is such a fundamental part of life, and it has played such a huge role in mine, for good and bad. Bitcoin is the awakened sleeping giant of it all because it has fundamentally and forever changed money and, more importantly, money's seat of power.
For me, this is the most important aspect of bitcoin and cryptocurrency: its role in propagating power to the greatest number of people possible. What Satoshi did when he democratized money was hand every individual alive – and generations to come – vast personal liberty.
This shift in power from the few to the many equals events in history like the advent of democracy itself, the invention of the printing press and the Renaissance. But it's important to remember that nothing is free. What we gained in liberty with bitcoin, we lost in the security of knowing someone else was responsible for protecting our money.
But which would you rather have? Would you rather be able to spend your money exactly how you see fit and know that it is safe from the whims of political leaders with no skin in the game? Or would you rather have the comfort of knowing that if you fail to be vigilant, someone will make you financially whole again?
This is why I'm an ardent student of history. It's a shortcut to understanding human nature, and it tells me I'd rather take my chances being the one making decisions about my life.
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