Photo by Wesley Tingey on Unsplash
I am writing to connect with you and discuss a thought-provoking comparison that has recently caught my attention.
The comparison revolves around the gold reserves held in Fort Knox (or any nation state for that matter), with growing concerns over the apparent absence of recent audits, as opposed to the unique transparency offered by Bitcoin.
Unlike traditional forms of currency, Bitcoin enables anyone to audit the network at any given time due to the continuous auditing of the bitcoin supply by a network of nodes every ten minutes. In addition to this, anyone claiming to own it, can prove it with digital signatures and or deposit tiny fractions to prove ownership.
This distinctive feature of Bitcoin exemplifies how technology is advancing us into a world with enhanced transparency and security.
Without totally destroying our global financial systems, we have a tool now to hold people accountable who stray from guiding principles which have governed societies for thousands of years.
“Stay humble and stack Sats - Odell”
I’ll leave you with a question: what’s stopping you from taking 10 minutes a day to “Study Bitcoin”!?
DISCLAIMER
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