Happy Bitcoin Day: Bitcoin A Crypto Societal Experiment
Bitcoin was created launched in 2009 that is about 13 years ago, today made it exactly 13th year bitcoin got launched. A lot has happened since then, but while we are appreciating the beauty of bitcoin we can’t help but acknowledge how bitcoin being the first cryptocurrency in the world stood the test of time and maintained its position as number one after all these years. When bitcoin was created it didn’t have a predecessor, there was no other idea like it, so it was kind of like the crypto lab rat, just like projects and lab rats, sometimes the lab rats die off or get sick or fail. You know, like when they try it and it fails, they abandon it and try to look for faults in it so they can create something better. Well, that was how Bitcoin was but instead of finding faults to consider bitcoin useless, faults were made to create new technology off the bitcoin idea while appreciating Bitcoin’s technology and how unique it is.
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The reason Bitcoin’s technology is still appreciated and valued is because it was started as a decentralized ecosystem. This was after Satoshi Nakamuto completely left the technology to the community, because, it was kind of centralized in Satoshi Nakamuto’s hand. Decentralization doesn’t just happen or build itself, someone has to think of the idea first, build it and decentralize it. We have seen lots of crypto projects try to copy the bitcoin concept but failed, but what Ethereum did was copy it and made its own better. Providing utilities outside just being a store of value. Went past Bitcoin’s 1 Dimensional limitations. You know Bitcoin is one dimensional right? Aside the fact that it is a store of value and can be used to transact peer to peer, it doesn’t have any other utilities.
Bitcoin was built to create financial freedom and control, meaning, you get to control your money. The experiment went so well, because with your bitcoin in your DEX wallet no one can control the money for you except you, now it was time to build other technology on the basics Bitcoin technology knowledge. This gave birth to other cryptocurrencies like Ethereum, Hive, Solana, Binance SmartChain Chain and the rest of the other crypto projects which have real utilities.
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