A YouTube video was recently released by a channel called Rhyme Combinator. The video is about the father of the United State’s centralized finances, Alexander Hamilton rap battling it out with Satoshi Nakamoto, the creator of the blockchain technology and the first cryptocurrency of them all, the Bitcoin.
The video is expertly designed to showcase the most prominent arguments from the supporters of the old financial system. Things such as regulation, centralization and “keeping the peace” are the main resources that Hamilton uses in his lyrics. On the other hand, Satoshi Nakamoto, who is played by a popular hip hop YouTuber tries to counter all of these arguments by advocating for decentralization, encryption, safety and the return on investment that traders get from cryptocurrencies.
In the end, it all boils down to safety and “government control”. Hamilton argues that fiat is there to keep the peace and support the local economy. Satoshi counters this by accusing fiat to serving the Wall street, while cryptocurrency knows no bounds and supports everybody. Furthermore, one important point that Satoshi made in the video was the ROI. Fiat interest rates are around 2-0.5% with most banks, while Bitcoin has the capability to reach those numbers within seconds of trading.