Galaxy's tweet and report on the Bitcoin halving event echo Satoshi's words: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi Nakamoto, Feb. 11, 2009.
On April 20, 2024, Bitcoin will undergo its fourth halving on block number 840,000.
Satoshi Nakamoto programmed the halving feature in Bitcoin as a countermeasure to the continuous debasement of fiat currencies.
“The root problem with conventional currency is all the trust…
— Galaxy (@galaxyhq) April 17, 2024
In its report, Galaxy stated that Satoshi programmed the halving function on Bitcoin as a countermeasure to the ongoing debasement of fiat currencies, which prompted the reflection on this particular Satoshi Nakamoto comment.
#BTCHalvingApril2024 #BTCHALVING. #BTC_HALVING_AND_ITs_HISTORY #SatoshiNakamoto #write2earn🌐 $BTC
