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> No central point of failure It's looking like the dev team behind bitcoin is the central point of failure given recent political fights. > No middle man If
by brokensegue 9y ago
> No central point of failure
It's looking like the dev team behind bitcoin is the central point of failure given recent political fights.
> No middle man
If the lightning network becomes a thing then bitcoin will have lots of middle men. Coinbase already is one in practice.
> Nearly instant transfer at low cost
People have already pointed out that this is totally false.
> Incorruptible
In what sense? How can any financial instrument by corrupted? There's definitely corruption at bitcoin-related institutions.
> It is the first system to solve the byzantine generals problem.
No?
> Non-governmentally bound
only if you are willing to break the law. which is true for lots of financial instruments.