Recently, a video of historian Yuval Noah Harari went viral where he described Bitcoin as a âcurrency of distrust.â
At first glance, this sounds negative â but the idea deserves deeper analysis.
đ What Harari Actually Means
Harariâs argument is philosophical, not technical.
Traditional money works because we trust institutions:
Governments
Central banks
Commercial banks
Bitcoin challenges this model.
Instead of trusting people or institutions, Bitcoin asks users to verify everything through code, math, and consensus. In this sense, Bitcoin is built on âdonât trust â verify.â
Thatâs why Harari calls it a currency of distrust â distrust in centralized authority, not in the system itself.
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đ Bitcoin: Distrust or a New Trust Model?
Calling Bitcoin a currency of distrust can be misleading.
âïž Bitcoin does not remove trust
âïž It replaces human trust with cryptographic trust
You donât trust:
Bank managers
Politicians
Monetary policies
You trust:
Open-source code
Decentralized nodes
Mathematical rules
This is transparent trust, not blind trust.
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đŠ Why Bitcoin Was Created This Way
Bitcoin was born after the 2008 financial crisis, when trust in banks collapsed.
Its design goals:
No central control
No money printing
No single point of failure
Permissionless access
So yes â Bitcoin is built on skepticism of traditional systems, but that skepticism led to innovation, not chaos.
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âïž Binance Perspective
From a crypto perspective, Bitcoin represents:
Verification over trust
Rules over rulers
Decentralization over concentration
This doesnât mean Bitcoin is perfect:
Volatility exists
Regulation is evolving
Education is still needed
But philosophically, Bitcoin is a new experiment in trust, not an attack on society.
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𧩠Final Thought
If traditional money says:
> âTrust us.â
Bitcoin says:
> âVerify it yourself.â
Whether you see that as distrust or empowerment depends on how you view the future of money.
#bitcoin
#CryptoEducationđĄđ #decentralization #blockchain #BinanceSquareFamily
