It's pseudoanonymous, such that you can send and receive funds without people tracking it to your identity. Great for things like pr0n political donations.
FTFY
Topic: Best aspects of Bitcoin to tell someone about? - page 3. (Read 1990 times)
FTFY
It's pseudoanonymous, such that you can send and receive funds without people tracking it to your identity. Great for things like pr0n.
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
It depends on who you are talking to.
Merchants like the fact that the fees are so low and that the transactions are irreversible (no chargebacks).
Consumers like the fact that they can create backups of their money, and that they can secure their cash with a password.
1. you know exactly the money inflation rate vs fiat which is unknown, its stats are usually a lie since there is incentive to understate the fiat creation rate
2. by using fiat you are supporting that particular government's and banker's policies/wars/etc, with bitcoin you are supporting the bitcoin userbase. voting with your dollars literally
this vote has more effect than voting in rigged two party elections who are both financed secretly by bankers and will continue where the previous party left off.
2. by using fiat you are supporting that particular government's and banker's policies/wars/etc, with bitcoin you are supporting the bitcoin userbase. voting with your dollars literally
this vote has more effect than voting in rigged two party elections who are both financed secretly by bankers and will continue where the previous party left off.
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2. Can be instantly sent anywhere in the world with no (or very very low) fees
Maybe include something about being dectralised and deflationary, and the many other advantages they have over banks and money transfer services etc (but I guess you already included the main ones).
Maybe include something about being dectralised and deflationary, and the many other advantages they have over banks and money transfer services etc (but I guess you already included the main ones).
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
Your funds are your funds, and no one can take that away from you.1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
Tangible, 1 btc = 1 btc.
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
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