Satoshi Nakamoto: Not to Debase Currency

Posted by admin on Tuesday, October 11, 2016

Creator of bitcoin and blockchain technology, Satoshi Nakamoto Money Quote saying trust of central bank required for currency to remain viable. History of financial systems trust shows that has failed repeatedly. Satoshi Nakamoto said:

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust
— Satoshi Nakamoto

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