1. The problem of the centralized system
Currently, users' personal data is controlled by large corporations, becoming the target of cyber attacks. History has recorded many serious information leaks from Sony, Adobe, Equifax, Meta... Even the banking system is not immune to the risk of collapse, causing the loss of depositors' assets. Therefore, a decentralized system like Blockchain becomes necessary to protect personal data and assets.
2. Bitcoin and decentralization
Blockchain - the underlying technology of Bitcoin - helps store data transparently on many servers, not controlled by any individual or organization. Bitcoin leverages Blockchain to create a decentralized currency system, allowing direct transactions between two parties without the need for intermediaries such as banks or financial institutions.
3. The real value of Bitcoin
- Real ownership: Unlike traditional assets that can be seized or frozen, Bitcoin is completely under the control of the owner if they hold the private keys.
- Decentralized and powerful network: Bitcoin is maintained by a global community, and although there are many copies (Hard Forks) such as Bitcoin Cash or Bitcoin Gold, only the original chain created by Satoshi Nakamoto is recognized.
- Anti-inflationary asset: With a fixed supply of 21 million BTC, Bitcoin cannot be printed like fiat money, helping to protect assets against inflation.
- Long-term growth potential: Although Bitcoin's price fluctuates strongly in the short term, in the long term, it has had outstanding growth, similar to the development of Amazon in the e-commerce industry.
4. Bitcoin – The Future of Finance?
Just as the Internet was once skepticized but then became an indispensable part of life, Bitcoin could be the foundation for the future financial system. With its decentralization, security, and anti-inflation properties, Bitcoin is gradually asserting its position as a sustainable store of value.