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yes for me I don't believe Bitcoin in itself is difficult to understand. What is difficult is our notion of how finance, economics and society in itself works. It is hard to believe that something we have held so dear and near to us and established over the centuries (fiat currency) can be disrupted within the period of a single decade's worth of innovation, all scripted in code, delivered by someone we don't even know. That, right there - is what makes Bitcoin hard for the average mind to conceive.
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Bitcoin is not a scam And it is right that you take your time testing the platform before you trust it. Bitcoin is known to be a legit and trustworthy platform that helps you make money by Bitcoin trading. The settings are flexible, allowing you to make good money.
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i think Criminals use cryptocurrencies such as Bitcoin for various purposes: laundering dirty money, scamming victims out of funds, defrauding investors, monetizing ransomware, or buying illicit goods.
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The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. Also some of the benefits are as follows:
Lower Fraud Risks for Buyers:
Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller.
Reduced Transaction Fees:
Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.
No Involvement of Any Third Party:
There’s no involvement of a third party. No one can freeze, tax, or claim your coins. They cannot be stolen and cannot be seized by the government in no possible circumstances
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i believe Satoshi Nakamoto wanted to create a “trust-less” cash system. Satoshi explicitly stated that the reason for creating this digital cash system is to remove the third party intermediaries that are traditionally required to conduct digital monetary transfers.
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yes for me i think Bitcoin has always been transparent regarding coin supply, as well as keeping a public ledger of all transactions since day one, virtual currency is a far superior solution to fiat currency. It will take time until everyday consumers start flocking to Bitcoin. so i believe bitcoin is more important.
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I think most people fear that Bitcoin can be used to circumvent capital controls, which can be used for money laundering or illegal purchases, and could be risky to investors. Still others have voiced more systemic concerns over the decentralized cryptocurrency's potential to destabilize or undermine the authority or control of central banks.
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I believe there are some wallets that have a "user-friendly" interface, but even the basics of sending/receiving Bitcoin can have a steep learning curve for the older people. A Bitcoin wallet with built-in accessibility features, could help even elder people with vision or hearing problems to use the pioneer cryptocurrency in their daily lives.
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the Bitcoin price is more determined by the demand and supply just like any other coin. also The fact that the price can go up or down at any time does not mean that the price will always go down and Bitcoin will run out.
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There is no clear evidence that is a person, or a group of people. There is no documentary evidence. but It might be strange to consider that an individual that has changed the world so much is still unknown to the world, but that truly is the case with Satoshi Nakamoto, the unknown inventor of Bitcoin.
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