Satoshi Saw a Problem and Fixed it. Now the Governments are not pleased

Inflation was a major problem in the world’s economy. The moment when the purchasing power of money decreases which is reflected by an uncontrollable increase in prices of good and services in an economy. Meaning that a particular unit of currency can not buy as much as it used to over time.

This in turn harms the people that use that currency. Imagine owning and having all your wealth in that currency that this happens. Your money becomes a little bit worthless. Traditionally, people usually buy gold and other assets to preserve the value of their wealth, these assets could be properties or stocks. If not you will be earning a lot of worthless value currency.
The people that inflation hits worst the most are the people without assets, be it houses, gold or stock.

Smart people like Satoshi Nakamuto knew this, and how it’s affecting people around the world and this situation might go worse, he created bitcoin in 2009 as a way to hedge against infinite money creation. Making only 21 million bitcoin to ever exist.

A pure example of how inflation affects a nation and bitcoin saved its citizen is the country Venezuela. With El salvador adopting bitcoin as a legal tender, the rate at which money is being printed will reduce. Inflation will be controlled massively.

But some countries are don’t want anything that will make life easier for its citizens. So they ban it. Pure example is Nigeria.

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