What is
?
SATOSHI'S GENIUS
Outside of Bitcoin,
creating money
(issuance) and
accounting
(tracking received/spent money)
is centralized
and includes the following layers:
Various
central bank money issuance
Either digital or written,
account books
Trusted parties entering
values
into the account books
Trusted parties physically securing
account books
or managing computer databases
Trusted parties working to prevent
hacks
on databases
All of these layers are now
integrated together!
This may seem centralized, but Satoshi's genius reversed this.
100% decentralized!