Topic: The advantages of bitcoin - page 22. (Read 2231 times)

I believe that bitcoin and the cryptocurrency as a whole, aimed at one thing - to get away from mediation. And so far, everything is just being formed, it is possible to earn good money. The first take everything, all the rest - everything else.

the one of advatages of Bitcoin is can not be stolen to bad people because bitcoin has ownership addres can only be changed to the owner, the bitcoin is impossible to steal the bad person unless they have physical access to a user's computer and they send the bitcoins to their account, Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

This is really I like when using bitcoin then converted into fiat and no tax collected by the government. The adoptation by many people into bitcoin because they can earned money from bitcoin. This opportunity really good to all of us, also using this bitcoin to make transactions is one of a good advantages that most likes.

Doesn't really have many advantages over other cryptocurrencies though, for example I can't think of a single advantage over Monero.... Well, other than the fact that it has higher liquidity because more people use it. The promise of bitcoin isn't what it was made out to be, I think it needs to be forked a few times to compete. I guess at least it does have the advantage that it will still be the biggest, even after forking multiple times.