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Why there will never be another Bitcoin
On October 31, 2008, an unknown coder named Satoshi Nakamoto published a paper that laid the foundation for an entirely new monetary system – 15 years later, the world is only just catching on to its true value and potential.
Satoshi’s stroke of genius was the decision to use a prior invention called proof-of-work (PoW) to distribute bitcoin to any user willing to secure the network with computing power. These sacrifices tend to reward wealth and influence – similar to government-run economies where the supply and distribution of money is not governed by market forces, but by a small number of individuals. Those using stablecoins, dollar-backed crypto assets, or some formal form of central bank digital currency (CBDC), similarly, are only opting into this existing system.
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