Satoshi Nakamoto Did Everything Right and Mark Zuckerberg Did Everything Wrong

When Satoshi Nakamoto launched Bitcoin (BTC) near the beginning of 2009, he went to great lengths to ensure that his identity was untraceable. To this day, no one knows who Satoshi Nakamoto is. 

Satoshi likely chose to be anonymous for a few reasons. If Bitcoin (BTC) began spreading across the globe, Satoshi could be arrested for breaking money laundering laws. If Bitcoin (BTC) became valuable, then all sorts of thieves would try to steal Satoshi’s Bitcoins (BTC). Also, if Satoshi’s identity was known earlier on, perhaps it’s feasible that Bitcoin (BTC) would never have had the chance to grow. For example, if the government knew who Satoshi was in the early days, they could have stifled Bitcoin’s (BTC) growth by deleting Bitcointalk and Bitcoin. org, both of which are critically important sites created by Satoshi. 

Perhaps even more important than Satoshi being anonymous is that the Bitcoin (BTC) network is immutable, cryptographically secure, and decentralized. This means that Bitcoin (BTC) balances or transactions can never be frozen or reversed, making it so that neither the government nor any other entity can interfere with the Bitcoin (BTC) network. Also, Bitcoin (BTC) has no central point of failure since it is decentralized, meaning the government can never shut down Bitcoin (BTC). The government can impose laws on Bitcoin (BTC) users, but the government cannot change Bitcoin’s (BTC) protocols due to the decentralized and democratic nature of the Bitcoin (BTC) improvement proposal (BIP) process.  

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#BTC #Libra #MarkZuckerberg #Facebook

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