Bitcoin Forum

What is Censorship Resistance and Why Would It Make Bitcoin Valuable?

Bitcoin is an asset that can goes up or down depending on the demand.
Something valuable because that thing is wanted by people as consumer. So i can say its valuable because there are demand to bitcoin.
If no demand, noon one asking, in logically, its not valuable.

Cash being an exception, payments usually run through central payment processors such as PayPal, VISA or your local bank.

This works fine, until it doesn't. PayPal is known for more or less randomly freezing merchant accounts, essentially locking them out of their money. Credit Card providers such as VISA have blocked payments in the past -- look up what happened to Wikileaks as an example. Local banks can go bust during bank runs and shut down accounts if they find your transaction suspicious -- whatever that may mean.

Nothing of the above apply to Bitcoin. Bitcoin takes the power and responsibility away from third parties and puts it back in the hand of the actual owner. Hence it being censorship resistance, an attribute that has been rather unusual for a currency -- until now.

Because it one of the first dinosaurs in the crypto world and all interest is about bitcoin for now, whether it goes up or down.

that is pretty much it in a nutshel!
we hear countries banning bitcoin etc. essentially governments censoring it from their public.
The only way possible to effectively do this is "turning off the internet",
so with that not going to happen your bitcoins are controlled (depending on where you store them) by you.
Spending bitcoins does not require a middle man, it is peer-to-peer transaction.
And not to forget there is a limited supply which counts for something.

Yes, I think so. Bitcoin is something valuable that can want to be had by many people in this era, because it's digital asset that is sometimes going up and down it depends on market system of bitcoin hold. So, we need knowing when we buy or sell it.

Bitcoin is the first currency ever in the history to be free from inflation due to its limited supply and to be totally free from the hands of government and also a currency which does not need banks at all to send and receive money.By this way,bitcoin has gained the trust of most of the people all over the world which has led to increase in its demand and hence increase in its value.

The government has given a stern warning, that investing crypto is very risky. no policy can limit the increase or decrease in prices.
and the risk becomes the responsibility of the holder.

It's true that we are not insured if in case things go south, so it would be best to only invest/trade the amount we are willing to lose in case our accounts get hacked or something..

Are you seriously asking this question?

Bitcoin is only valuable because there are a bunch of people buying it like if it would make them all rich just for buying a little cents of bitcoin. And that is false, you are never going to be a rich guy if you are a pig.

 

Bitcoin has been rising for a few years since price has gone up so many people have been very popular at the very moment.

Since many are saying that cryptocurrency is the future, then it is valuable. Being knowlegeable with it is an advantage. And there are many opportunities for people in bitcoin.

For me, why bitcoin is so valuable, because the concept of bitcoin is very promising and good for long-term investments, so we can not deny to hold so many bitcoins later on, and save it for the future and the many conveniences possessed by bitcoin, for its users !!

Bitcoin is decentralized and is not controlled by a central bank like federal reserve.

I think that you are not aware of bitcoins. It is the most popular and valuable crypto currency. Just reading some important instructions about Bitcoins then you will get to know that " how much it is valuable and where it stands".