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As a person that never spoke with Satoshi Nakamoto (the person or group), I cannot and will not pretend to understand what was exactly his futuristic financial freedom, and absolutely nobody can claim to know how this vision looks like by just reading his white paper, except, of course, the creator itself. I will also not make any statements that induce you into error by saying such words like: "Bitcoin is not fast enough and therefore Satoshi would wanted to be faster" or something like "POW is bad because it consumes a lot of energy to create a block in Bitcoin's chain" etc, etc..., but I will definitely tell you that POW is the ONLY WAY for all of us to be financially independent, not free but independent!!! Why not free? Because no matter what you are going to do in your life there will always be someone who will try to control you and manipulate your income. Still you can be independent by creating your OWN money in the form of cryptocurrency.
If this is not a True Satoshi's Vision, then nothing will be. Any Crypto that it is not created by you, alone, it is not yours and it is not freedom or independence whatsoever! So many developers completely miss understood this vision that in their own version of finance reality became slowly a tool for a more controlled slavery. Sound's grim enough? Well not yet, there is more to say... One example of this controlled slavery would be when Ethereum developers decided to switch from proof of work to proof of stake. Some of them were seduced by the fact that giving people a false state of financial security by being incentivised through staking rewards. What they didn't realise or maybe they did but never ever told to the people is that in order to get Ethereum after the merge is to BUY IT WITH FIAT, so your favourite crypto will still be a part of the current financial system, and that my friends it's completely opposite financial system in the Satoshi's Vision that him/they tried to avoid! Unlike XRP that according to Ripple's CEO: "XRP is not trying to replace the current financial system but to be a part of it", POS is a hybridised fiat system... (btw XRP is premined therefore is not POS which makes it far way worse then proof stake mostly because the so called elite's investments will stay to the super rich's wallets by giving a false prosperity to those people who owns XRP).
It is absolutely true that a medium of exchange in order to scale, it MUST make transactions fast enough anywhere on the planet, and it is also absolutely true that in order to make the network hyper secure and to prevent 51% attacks it must have a great computational power, therefore to consume a great deal of energy. But these hardware devices are the key to this security, they are undoubtedly necessary tools for individuals to be able to create their own medium of exchange! If anyone rely on a currency that can theoretically and practically can be produced to the infinite and then try to compare fiat with crypto it is a completely wrong way of understanding finance.
I know that I might look like a guy who is against Ethereum but I am not, I am against POS protocol alone.
And then of course, the Bitcoin's computational power is beyond individuals capabilities to simple mine it, but try to always remember that Bitcoin is and will be considered ancient tech, not obsolete though, not yet. Newer POW Blockchains with far greater improvements in single computer mining are emerging almost every month, therefore why not to use those ones instead?
As long as Proof of Stake, Delegated Proof of Stake, Dual Delegated Proof of Stake etcetera, etcetera, exists in a blockchain, those coins that are minted trough transactions, will always be purchased with FIAT afterwards. I am not accusing anyone of malevolence here, but those developers that created the staking blockchains might argue that, hey look, on exchanges you can swap between POW coins to POS coins therefore you do not need to buy it with fiat so problem solved.
I am sorry to disappoint you guys, the problem is definitely not solved. Just imagine if there aren't or won't be any POW coins to be exchanged with, then upppssss NO FINANCIAL FREEDOM OR INDEPENDENCE FOR YOU!!!
So my friends, for the sake of speed we are going to keep buying any new coin that appear on daily basis or even older ones with the dirty fiat, or we are going to be truly independent by creating our own coins and therefore gain our financial freedom?
Reflect on that, and stay safe!
This article is not a financial advise, it is basically impossible to be one because is promoting proof of work! Therefore, do you have a computer? Then you can get your own coin through mining! That's how simple it is. And nevertheless I'm not suggesting you to go right now and buy a new PC solely for the purpose of mining, just use the one that you have. There are coins out there that can be mined with quite old hardware. Ravencoin, Ethereum Clasic, Bitcoin Gold, even Z-Cash to some extent can be mined with older graphic cards like GTX 1050Ti or GTX 1650. Older GPU's might be obsolete but Monero can be mined with your processor therefore will be added to your list of POW coins. If you are interested in what kind of harder to use for mining you can check out my YouTube channel over here.
