4 ms·
> Easy: it's censorship-resistant. You send a transaction and no middleman, no financial organization, no one can prevent you from sending it. You can transact
by Kbelicius 5y ago
> Easy: it's censorship-resistant. You send a transaction and no middleman, no financial organization, no one can prevent you from sending it. You can transact with anyone, anywhere, 24/7/365, however much you want, $100 or $100 million.
This is not completely true. There are middleman and in bitcoin world they are called miners. They are the ones that need to add your transaction to a block and who you need to pay so that they do that. Control the miners and you can censor all you want.
- bradwood 5y agoMiddlemen implies a few (or one) centrally controlable group (or unit). BTC miners are anything but this. Is a router a middleman on the internet? No. Same thing.
- Kbelicius 5y ago> Middlemen implies a few (or one) centrally controlable group (or unit). No it does not. > Is a router a middleman on the internet? If that router is controlled by a third party, then yes, a router(entity owning that router) is in fact a middleman.