2 ms·
Anything that prevents Bitcoin from: - being a good anonymous currency - being a truly global currency for irreversible online transactions - being a currenc
by kolinko 10y ago
Anything that prevents Bitcoin from:
- being a good anonymous currency
- being a truly global currency for irreversible online transactions
- being a currency that's easily programmable
That's the three main use cases for Bitcoin. There are contenders for #1 (Monero, Dash), and for #3 (Ethereum). For #2 it's still the easiest because of the huge network effect behind it.
Traditional currencies can't compete with crypto for neither of the space. They are attached to systems that prevent transactions from being anonymous, global, irreversible or programmable.
- rocho 10y agoThere's nothing that prevents Bitcoin from being a good anonymous currency. It simply isn't. Its design allows it to be pseudo-anonymous at best, while Monero, for instance, has anonymity built in. Therefore if one seeks a truly anonymous currency they cannot possibly find it in Bitcoin.