Cryptocurrency investors Bitcoin 
$60,521 and others see cryptocurrencies as just graphics. However, Bitcoin is a step of struggle that reflects the ideals of Nakamoto, who presented it to us years ago. There are many things like transparency, financial inclusion, facilitation of cross-border payments. The latest interview with author Jeff Booth might be a good entry point to reminisce about what Bitcoin is.
Booth’s Bitcoin Vision
Booth repeatedly used the phrase “We are Bitcoin” in his speech, drawing attention to the importance of people’s contribution to the sustainability of Bitcoin. Technically, Bitcoin is an open-source protocol that allows people to transfer value securely and without requiring permission. Bitcoin’s design envisages setting the inflation rate in a way that humans cannot change, minimizing human intervention compared to traditional monetary and financial systems.
With the phrase “We are Bitcoin,” Booth emphasized the role of people building validators (mining) to keep the Bitcoin network decentralized. He also stated that those who connect miners to the network ensure the security and operation of Bitcoin. He stated that those who ensure that Bitcoin is understood and supported in the social arena through education and advocacy activities are also important parts of this network.
Sustainability of Bitcoin
Jeff Booth said this about the sustainable future.
“Individuals need to take responsibility for Bitcoin to remain decentralized, secure and understandable.”
Booth said people’s individual contributions are critical to the future of Bitcoin. He stated that it is vital for people to act knowing their roles for the continuity and expansion of the Bitcoin network.
Booth’s view reveals that Bitcoin is a system shaped not only by technology but also by human contribution. It was emphasized that the development and expansion of Bitcoin would not be possible without the active participation of people.
At the end of the conversation, Booth stated that everyone should do their part to support Bitcoin’s system of human freedom and prosperity. He stated that this understanding forms the basis for the sustainability and success of Bitcoin.
The success and development of Bitcoin is directly related to the contributions of users and supporters. Jeff Booth’s words say we need to re-evaluate the role of individuals in Bitcoin’s future journey.
Although Bitcoin’s technical infrastructure is strong, it is not possible for this infrastructure to reach its full potential without human interaction and contribution. Therefore, it is important for everyone who wants to contribute to the Bitcoin ecosystem to be responsible.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
