Father of Smart Contracts: Bitcoin Solves the 'Fundamental Flaws' in Monetary History The 'Father of Smart Contracts,' Nick Szabo (@NickSzabo4), pointed out at Bitcoin 2021 on June 6, 2021, that Bitcoin addresses the fundamental flaws in the history of precious metals and fiat currencies. He believes Bitcoin's full-node network resolves the issues of insecure transportation and custody, significantly reducing system vulnerabilities caused by trust through low-cost, trustless verification. Bitcoin also tackles the problem of digital centralization with its censorship-resistant decentralization and addresses the challenges of fiat currency experiments with a fixed issuance schedule and publicly auditable monetary supply. Source: Bitcoin Magazine