4 ms·
A decentralised, borderless, irreversible payments system, not tied to any state or government or bank, near-impossible for even the most powerful entities to c
by nicky0 6y ago
A decentralised, borderless, irreversible payments system, not tied to any state or government or bank, near-impossible for even the most powerful entities to censor or manipulate. There are some useful features in there.
- JoshTko 6y agoThis comment should be higher up. But interesting that HN is still very much unclear of BTC's core benefit.
- needle0 6y agoBut aren't those benefits also available in other cryptocurrencies that came later, with various added features and capabilities (eg. anonymity, stability, DApps, etc.) thanks to the benefit of hindsight? Why haven't the cryptocurrency mainstream (those who see value in crypto aside from speculation) abandoned Bitcoin and migrated en masse to those newer coins?
- nicky0 6y agoSimply no alternative has gained sufficient network effect to displace it. The answer might be more in behavioural psychology than technical arguments. That said Bitcoin's conservative (small c) stable development process might weigh heavily into trustowrthiness with buy money players.