At Bitcoin 2021 on June 6, 2021, Nick Szabo, known as the "Father of Smart Contracts," emphasized Bitcoin's ability to address key flaws in traditional monetary systems. Szabo highlighted that Bitcoin's global node network mitigates issues of insecure and costly transport and storage associated with precious metals and fiat currency. Additionally, Bitcoin's low-cost, trustless verification process reduces systemic fragility. Szabo further noted that Bitcoin replaces digital centralization with censorship-resistant decentralization. It also counters fiat currency experiments by offering a fixed, auditable money supply, enhancing its appeal as a stable financial alternative.