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by mD5pPxMcS6fVWKE 2174 days ago
Most people think Bitcoin is a gambling chip, but it is first and foremost a new form of money. Let me repeat Bitcoin's benefits:

- You can pay anyone and been paid by anyone without anyone's permission. Not so with government money.

- Can't be counterfeited. You don't need to check the bills under UV light, no need to check if your gold bullion has lead or copper inside.

- Can't be inflated

- No one can take it from you. No one even knows that you have it and how much.

- Safe for merchants. If they got it, they got it, no risk of transaction being reversed because the shopper paid by a stolen credit card. Because of that, merchant doesn't need to ask for your name, phone number, home address and other information required to sue you in case of a fraud. So the shopper in turn enjoys better privacy.

- With second layer solution in place, such as Lightning Network, transactions will be fast, cheap and private. We are not there yet, but will be in a few years.