Bitcoin's Advantages and Disadvantages Crypto-News.net
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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
What is Bitcoin? How to Buy Bitcoin? Advantages and Disadvantages.
Bitcoin is very few words, its a "Digital asset" or "Decentralised Digital Currency" By digital asset, Asset is something which has a value. Like your house, your car, and your gold. Bitcoin is of such kind, it's an asset that you can sell in exchange for money. This is a digital asset because unlike your gold, car, and house, it's not available physically with you. You can't touch or see it. It is store in the hard disk digitally. It's a currency as you can use it as a payment system. If you want to pay anyone across the globe you can do so through bitcoin. Decentralized, because it's not under any authority's grip. Just like our other currencies rupees, dollars have the central authority on it. The rupee has the authority of the Reserve Bank of India. Read more
03-06 21:55 - 'Bitcoin advantage?' (self.Bitcoin) by /u/cdotsubo removed from /r/Bitcoin within 1293-1303min
''' What are the advantages to using Bitcoin over any other kind if crypto? Like I know that it was the first one so theres gonna be more places to use bitcoin. But other than popularity, what's the real advantage? Like if you're going to promote a future with crypto in it why not support/invest in other cryptos. I'm invested in monero because I believe that in order to have a free society you shouldn't be spied on. ''' Bitcoin advantage? Go1dfish undelete link unreddit undelete link Author: cdotsubo
Even if Amazon, Starbucks, and Walmart all accept Bitcoin Cash it still does not matter. All of Bitcoin's advantageous properties are rendered useless when dealing with centralized regulated businesses. Bitcoin can only work as intended with peer-to-peer trade. P2P trade is the key to mass adoption.
What's Bitcoin's advantage for average Joe? (Serious)
I feel like "decentralization" just doesn't cut it to convince somebody. People are used to trust 3rd parties, and frankly speaking a 3rd party is trustable if there is a vested interest (e.g. a Bank or PayPal has a vested interest to protect your money and likely won't run away with it). It's especially difficult to convince somebody who has no political opinions or doesn't share libertarian point of views. What's left is "lower fees" and "faster transaction speed" although PayPal is faster and other services might be able to compete with the fees. Am I missing something?
Correct me if I'm wrong here, but the main reason for the price dominance of Bitcoin over Bitcoin Cash is recognition. With Coinbase and shilling by US corporate media, why would Bitcoin remain dominant? The only reason I can think of is first-mover advantage but BCash isn't fully separate from the original Bitcoin so I don't really even know if that applies.
[uncensored-r/Bitcoin] Advantages of the Investy platform.
The following post by Investy is being replicated because the post has been silently removed and some comments within it have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/759v2x The original post's content was as follows:
12-29 03:32 - 'ELI5 the technology that separates Bitcoin from other alts. Sure, Bitcoin's advantage of being the first crypto is great, but what else is there that others don't see on the surface?' (self.Bitcoin) by /u/Magyars removed from /r/Bitcoin within 28-38min
[uncensored-r/Bitcoin] ELI5 the technology that separates Bitcoin from other alts. Sure, Bitcoin's advantage of being th...
The following post by Magyars is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7mrj2m The original post's content was as follows:
A lot of cryptos have their niche qualities that make them worthwhile (XRP, IOTA, ETH, and more). What does Bitcoin offer?
Bitcoin has various advantages as well as disadvantages. We shall discuss the same in this article, in which I have listed out some of the benefits of Bitcoins. Initially, Bitcoin faced a lot of criticism from each part of the world and was considered to be a scam due to its several negative factors. Here are the most commonly brought up Bitcoin advantages: Bitcoin is the most open financial system to date. You can make payments with Bitcoins 24/7 all over the world, even where there’s no banking system. International money transfers with ... Advantages of Using Bitcoin 1. Greater Liquidity Relative to Other Cryptocurrencies. As the most popular cryptocurrency by a significant margin, Bitcoin has far greater liquidity than its peers. This allows users to retain most of its inherent value when converting to fiat currencies, such as the U.S. dollar and euro. Bitcoin Advantages: Freedom in Payment. With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time. You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money. Advantages of Bitcoin. Payment Ease: Using Bitcoin it is possible to send or receive money anywhere on the planet any time, night or day. That is a huge advantage.
Discuss about Bitcoin.And benefits using bitcoin - YouTube
Hi, Michael Borell Founder of Cryptocurrency Global Wealth and the CGW Report. Before I begin, I would like to say Happy New Year 2018 may you all have a fantastic prosperous, year. 2017 was ... The 5 advantages Bitcoin has over money (Fiat currency) Bitcoin is the first successful cryptocurrency in history, and it became successful because of the ma... Bitcoin is the first successful cryptocurrency in history, and it became successful because of the many positive merits not found in traditional or fiat curr... Short video on the benefits of Bitcoin. Bitcoin: Pros and Cons Subscribe: http://bit.ly/CryptoCoinNewsYT My appetite for investing in cryptocurrencies increased when I stepped into the crypto world...