During the Bitcoin Crypto creation, Satoshi predicted the unavoidable flooding of fiat currencies, inscribing this message at the start of the floods. In his statement, Satoshi said, “The Chancellor is on the brink of a second bailout for banks.” This ark would basically be a global shelter from fiat.
This flood started before bitcoin miners got the chance to construct their arks, and critics predict that the surge might worsen.
Currently, countries can and are flooding their economies with fiat currencies at an alarming rate. The few people keen on Satoshi’s wise warning are constructing these sheltering arks by changing their fiat currencies, always at a risk of inflation, with the BTC assets.
The more they change their fiat currencies with Satoshi’s Bitcoin, the larger their arks become. As a result, these users experience lesser risks attached to these floodwaters.
The knowledge one has on the consequences of this global fiat financial system corresponds to their ark sizes. Additionally, their family sizes and the amount they can save from the raging flood also play a significant role.
Nakamoto thought ahead of this problem and fixed it with his decentralized financial system. Meaning not controlled by third parties, and the supply is fixed. Additionally, the system works without discriminating between the wealthy & the less fortunate.
Bitcoiners who know about this solution are doing their best to help their loved ones understand it. So that they too can deliver themselves from the imminent floods.
Who is the Ark Builder?
Satoshi Nakamoto is the name of the anonymous person assumed to have created and evolved Bitcoin (BTC). It is also believed that he wrote the bitcoin white paper and developed Bitcoin’s implementation.
Nobody owns or controls Bitcoin as it’s open-source, and its designs are public. Many people presume faces, including Elon Musk, the Chief Executive Officer of Tesla, as Satoshi Nakamoto.
Despite the mysterious figure, crypto enthusiasts believe that the face behind the name is unimportant and that people should focus on the ark.
What is Bitcoin?
Bitcoin (BTC) is virtual money or a digital currency that you can use to buy and sell products and services.
Miners create the Bitcoin(BTC) cryptocurrency using nodes through a process called mining. Additionally, miners can use fiat currencies to buy BTC.
Finally, you can also sell products and let people pay you using the Bitcoin (BTC) tokens.
Currently, the price of bitcoin stands at around fifty-seven thousand U.S Dollars with a trading volume of approximately four billion U.S Dollars.
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