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You have missed the point of Bitcoin. It's not just a payment network, it's a completely new type of money. It can't be inflated, it can't be taken away from yo
by Geee 4y ago
You have missed the point of Bitcoin. It's not just a payment network, it's a completely new type of money. It can't be inflated, it can't be taken away from you, and no one can stop anyone from using it. It's the opposite of our current, inflationary and centrally controlled money. Bitcoin can take away these authoritarian and repressive powers from governments and central banks.
It's not really possible to understand Bitcoin if you don't know how broken our current money is and how much damage it has caused.
This website collects stats from the beginning of purely fiat monetary system. https://wtfhappenedin1971.com https://wtfhappenedin1971.com
- moistly 4y ago> it can't be taken away from you Eh? Almost every single day we see a HN headline where a rugpull, hack, or other scam has taken vast amounts of bitcoin away from owners.
- Geee 4y agoNot bitcoin. You are talking about altcoins or "cryptos" which are all scams. Obviously bitcoin is not resistant to your own stupidity. If you send your bitcoin to a scammer, it's your own fault. However, if you're careful and manage your security well, it is impossible to confiscate.