Bitcoin As An Alternative To The Current Financial System
Why Bitcoin was created and how it eliminates third parties and intermediaries.
Bitcoin Has Never Been Only About Money, It’s About Freedom.
This is the second article that looks at Bitcoin from a different perspective.
The first article was about Game Theory; this one discusses the role of Bitcoin as a possible alternative to the current financial system.
Indeed, Bitcoin is born not only as a currency but also as an exemplification of a philosophical concept:
Being a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution.
The aim of this article is two-fold, to first explain the main reason behind the creation of Bitcoin and then to discuss if and how it can be an alternative to the current system.
To do so, we first need to introduce the way our financial system works.
