Can Bitcoin be Considered A Sovereign Currency?

Can Bitcoin be Considered A Sovereign Currency?

When a pseudonymous programmer introduced “a new electronic cash system that’s fully peer-to-peer, with no trusted third party” to an online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an globally-accessible alternative to modern central banks.

While this is a sobering effect, I’m still on the side of Bitcoin. The entire bitcoin ecosystem was built in a bottom-up approach instead of the usual top-down architectures of FIAT currencies.