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THE quote of Satoshi Nakamoto

All Cryptocurrencies

by COINS NEWS 237 Views

Since there is more and more cryptocurrencies and more and more big figures that try to influence the market, I wanted to share what I think is the real importance behind the cryptocurrencies :

"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. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts."

- Satoshi Nakamoto

This is the quote who makes me believe in cryptocurrencies, and I really think that a better world is coming thanks to blockchain. Don't trust centralised exchanges, don't trust billionaires who want to pump or dump the price. Believe in the technology !

submitted by /u/waughandy
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