Bitcoin is permissionless because anyone, anywhere can join the Bitcoin network.
No one can stop you from accessing your money.
Bitcoin is inclusive by design.
It breaks down barriers that are commonly found in conventional financial systems, where access requires extensive verification and approval from banks.
This permissionless nature of Bitcoin is made possible by the Bitcoin blockchain.
It keeps track of who owns what, and prevents people from cheating.
Unlike traditional banks that act as gatekeepers of financial transactions, Bitcoin allows direct peer-to-peer transactions.
This means you can send money directly to someone else without any intermediaries. It's kind of like digital cash.
This means that as long as you have an internet connection and a Bitcoin wallet, you can participate in the network, send, and receive Bitcoin.
In traditional finance, your ability to participate is contingent on the permission of banks and financial institutions.
These institutions can freeze your money or straight up deny you an account based on your location, your credit history, or personal attributes.
Traditional finance has a really bad track record of this.
Workers in Canada found this out the hard way when their own government froze their bank accounts.
Bitcoin, by contrast, is fundamentally inclusive.
Bitcoin can't discriminate based on personal details, how much money you have, your job, or geographic location.
No one can stop you from using Bitcoin because Bitcoin is decentralized.
Bitcoin removes the barriers to entry and eliminates the need for centralized approval.
Bitcoin empowers individuals and gives you the freedom to save and spend your money without restrictions.
Bitcoin is permissionless.
Bitcoin is better money.
