There is no God in Bitcoin
Because Bitcoin is so highly decentralized, it means it takes longer to upgrade, get anything done, and get mainstream adoption as much as we can.
If Bitcoin had a leader, maybe we could all agree on the roadmap for Bitcoin. Should it increase the block size and focus on scaling layer 1 blockchains? Should it focus on adding smart contract functionality, NFTs, or even gaming? Other blockchains like Ethereum have a prominent leader who everyone listens to and shapes the future of their blockchain. Ever since Satoshi mysteriously left the Bitcoin project, we’ve been left to figure it out on our own.
But this is not a bad thing. In fact, today I will tell you why Bitcoin is unique among cryptocurrencies and the most powerful form of money.
Bitcoin has no leader, which means there is no one person that everyone listens to and decides its future. It also means it doesn’t have a single weak point.
A few years ago, there were rumors that Vitalik Buterin had died in a car accident. Before it was confirmed that he was still alive, the market was in a panic. What would happen to Ethereum without him? Was the dream shattered?
But sometimes project leaders lose their way. They either completely change the project to fit their own perspective, or they even start to lose interest, and the project disappears. This is what we saw with EOS.
This is a make-or-break moment for Bitcoin, and it is necessary if Bitcoin hopes to truly achieve decentralization.
While governments around the world may hate Bitcoin, want to ban it, or even want to destroy it, there is nothing they can do because Bitcoin has no single weakness.
You may have heard the famous quote: “Try talking to the CEO of Bitcoin.” You can’t, because there is no CEO, not even a leader. Ethereum has Vitalik Buterin, Cardano has Charles Hoskinson, Polkadot has Gavin Wood, Solana has Antoly and Raj, the list goes on.
Ultimately, Bitcoin has always served two main purposes. It is a better form of money, and it is extremely decentralized, so it cannot be controlled, attacked, or manipulated. It has come a long way toward achieving these goals. But there is still room for growth and improvement.
Even though Bitcoin has evolved and upgraded more slowly than many of us would like, it is truly a magical thing when general consensus approves the next major Bitcoin upgrade. Some even consider it a huge accomplishment for anything to be approved.
This is what is so special about Bitcoin. It is the ultimate cryptocurrency because it is the hardest form of money, has the best security, is the most decentralized, solves the Byzantine Generals Problem, and has history to back it up.
It’s the original cryptocurrency and the reason this entire market exists. It’s had its ups and downs so far.
It has been through FUD, bear markets, and times when everyone said Bitcoin was doomed. It has defied all odds and stood up, stronger than ever.
All of these are what make Bitcoin so special.
