Giacomo Zucco compared the three little pigs to digital money projects. According to Zucco, only Bitcoin would resist the big bad wolf (government institutions).
One way to tell children about Bitcoin is by simplifying its existence and highest virtues in their eyes. A good example would be using the book “The Three Little Pigs” to teach them about Bitcoin and other cryptocurrencies, just as Bitcoin educator Giacomo Zucco has done.
In recent days, Zucco outlined the history of Bitcoin using the plot of the renowned children’s book that Joseph Jacobs wrote.
An animated video avatar told the story, through which Zucco compared the pigs to forms of digital money. The first of them was E-Gold. The second pig “carried many names” such as DigiCash, HashCash, and B-Money.
As in Jacobs’ tale, a wolf easily blew down the “houses” that the two little pigs built. Only in this case, the “big bad wolf” also carried many names such as the Federal Reserve (Fed), the Internal Revenue Service (IRS), and the US Securities and Exchange Commission (SEC), among other institutions.
After the failures of the previous digital money projects, the third little pig appeared. His name was none other than the one that everyone knows that one or more people created under the pseudonym of Satoshi Nakamoto: Bitcoin.
After seeing where its predecessors had failed, Bitcoin built a house that could withstand the “blows” of institutions that felt threatened. This was a brick fortress that finally withstood the onslaught of the wolf.
The Next “Bitcoins”: History of Cryptocurrencies
With the success of the third pig, the story that everyone knows ends. However, Bitcoin’s continues, Zucco said. Following the success of the invention of digital money by the third pig, hundreds of other pigs entered the scene.
They all wanted to build something new and “improve” what Bitcoin had already achieved. However, their efforts were futile as they were trying to solve problems that no longer existed, according to the Bitcoin researcher. The new little pigs built what are now cryptocurrencies and blockchain projects.
Some of them said that the bricks were too small and that bigger blocks would allow them to finish their fortresses faster. Others said that it was not necessary to build a sturdy fortress but sought uses for the “underlying brick technology” of the house of the third pig: blockchain.
Zucco also mentioned projects that made a profit without ever launching a product, which occurred during the Initial Coin Offering (ICO) rush.
“There were houses made of chocolate, others of fish tanks or barrels with uranium to protect themselves from wolves with radiation … their creators did not even build many of these houses, but they did make a lot of money through pre-sales,” Zucco said.
“Meanwhile, Bitcoin continued to expand its sturdy fortress of true bricks. Eventually, the wolves came back and blew down all the houses that the rest of the pigs had created,” said the bitcoiner and educator.
“The wolves ate all the pigs, except the ones that were sheltering in the Bitcoin fortress,” concluded the writer.
By Alexander Salazar