Bitcoin is a peer-to-peer network that does not rely on any third party to function - hence no counter-party risk. Bitcoin operates based on rules, but has no rulers, only participants of various flavors.
Bitcoin doesn’t understand or recognize borders. There is no country-code input field in a bitcoin transaction. Bitcoin doesn’t care if you are sending Bitcoin to your friend across the street or North Korea, Iran, <insert scary nation here> - international transfer risk is non-existent for Bitcoin as Bitcoin does not recognize political borders.
Any human anywhere with a computing device and internet connectivity can create an address and transact with anyone else in the network.
Bitcoin is a censorship resistant monetary network open to all 7.5 Billion humans. No bank can compete with Bitcoin on this dimension.
Yes but I provided an logically consistent explanation instead. Perhaps you would prefer I cite the Bitcoin Whitepaper which explains the peer-to-peer censorship resistent electronic cash as explained by the inventor Satoshi Nakamoto [1].
Bitcoin is a peer-to-peer network that does not rely on any third party to function - hence no counter-party risk. Bitcoin operates based on rules, but has no rulers, only participants of various flavors.
Bitcoin doesn’t understand or recognize borders. There is no country-code input field in a bitcoin transaction. Bitcoin doesn’t care if you are sending Bitcoin to your friend across the street or North Korea, Iran, <insert scary nation here> - international transfer risk is non-existent for Bitcoin as Bitcoin does not recognize political borders.
Any human anywhere with a computing device and internet connectivity can create an address and transact with anyone else in the network.
Bitcoin is a censorship resistant monetary network open to all 7.5 Billion humans. No bank can compete with Bitcoin on this dimension.