what you like best in Bitcoin ?

[johnyj]

Decentralization is the future

The centralized system around the world have all showing sign of split and internal conflicts, no majority party is a norm now. When people are getting more self sustainable and have variety of opinions, a general agreement can not be reached in a centralized system. We just need one basic consensus, and the rest is up to everyone himself, minimal compromise

[1714507574]

1714507574

[1714507574]

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[Don007]

Decentralization is the future

The centralized system around the world have all showing sign of split and internal conflicts, no majority party is a norm now. When people are getting more self sustainable and have variety of opinions, a general agreement can not be reached in a centralized system. We just need one basic consensus, and the rest is up to everyone himself, minimal compromise

I agree with you, but we should also look at China. As they are contributing a big part to the total hashrate of the network, this might also be a risk. As soon as one pool grows too much, we might are going to face the risk of double spends - transactions etcetera. In that situation, the mining of the coin is quite centralized.. But what are we going to do about that ;/. Let's hope the huge miners in China are aware of this risk and try to prevent this.

[Coinshot]

Decentralization is the future

The centralized system around the world have all showing sign of split and internal conflicts, no majority party is a norm now. When people are getting more self sustainable and have variety of opinions, a general agreement can not be reached in a centralized system. We just need one basic consensus, and the rest is up to everyone himself, minimal compromise

I agree with you, but we should also look at China. As they are contributing a big part to the total hashrate of the network, this might also be a risk. As soon as one pool grows too much, we might are going to face the risk of double spends - transactions etcetera. In that situation, the mining of the coin is quite centralized.. But what are we going to do about that ;/. Let's hope the huge miners in China are aware of this risk and try to prevent this.

maybe if in the future this will be a problem we could change the algo to something that isn't pow but in something else to help decentralization
because if china , one day, will see no potentially profit for bitcoin, they might eventually kill it with double spending ecc...
so i would like to have a good plan b for every weakness about bitcoin, this is my hope

[ifightformerkel]

The best things on bitcoins are the decentralization and the anonymity and the low limit of the max. amount of coins (when it will be a world wide currency.)

And of course also that no government can control it,
because this point ONLY bitcoin can be a world wide currency, for everyone on this planet.

You dont need to change your money, you can pay everywhere worldwide with the same money!

[pooya87]

for me Bitcoin allows me to hold some saving out of the banking system and the hands of the government.

i like a couple of things:

• like you said i like to have some savings out of the banking system and the hands of the government.
• i was always into stock market and now i am trading bitcoin, which i enjoy and earn a little profit on the side.
• having fast transaction with low transactions fee, and being able to send money anywhere in the world easily
• many more...

[lorylore]

Because its decentralized it's not going anywhere, because its open source it can adapt and because it can do things that normal money can't do adoption will continue. Everything else is just volatility during price discovery.

[Don007]

• like you said i like to have some savings out of the banking system and the hands of the government.

You're right on that. That could be a reason for users to "stack" bitcoins as they already may hold enough savings. Here in the Netherlands, you'll have to pay a kind of tax on your savings if you own more than €21.xxx,-. Saving some €x000 in Bitcoin will then help you evade this kind of tax - if that is what you want.

However, you should only save your BTC you earned this way. By buying Bitcoin to store your money, you will loose some money by buying it (due to fees).

Officially you should mention your total worth of Bitcoin in your tax forms though. (Atleast, here in the Netherlands, in block 3).

[greBit]

The best part i love about bitcoin is that it a decentralised currency, they cannot track and analyse every move our make. Our actions can still remain private and spontaneous. It has very little collapse risk and looking at Greece, I bet they regret not adopting to the bitcoin currency when they had time. Oops.

[Herbert2020]

The best part i love about bitcoin is that it a decentralised currency, they cannot track and analyse every move our make. Our actions can still remain private and spontaneous. It has very little collapse risk and looking at Greece, I bet they regret not adopting to the bitcoin currency when they had time. Oops.

yeah. i think the decentralized feature of bitcoin is the most obvious and worthy features these days. especially now that Greece has proven the fact that as long as your money is in the banks and controlled by the government you can not really rely on them to let you use your money.

[bitnanigans]

The ability to instantly send money across the world. Just takes a second and you see the transaction notification. It's such a good feeling.

[BitcoinNewbie15]

The ability to instantly send money across the world. Just takes a second and you see the transaction notification. It's such a good feeling.

This is a major feature with Bitcoin and this is also one of my favorite features. Not only do I like how it is instant, but I also like how there is little to no transaction fee, and I like how Bitcoin is a valid currency in different countries around the world.

[Coinshot]

i like that bitcoin is decentralized
i like that bitcoin is not affected like fiat, when a government collapse, like what happened with Greece
i like that the fees are really tiny and you can use zero fee if you want, it does not matter if it will take longer, what is matter is that you can do it, you have full control over your money
i like that bitcoin is deflationary, it mean that at least in theory it should grow

[ragi]

I could hold money noone knows I have.

[Don007]

I could hold money noone knows I have.

I think that's not always true for some people: when you own a public address, this address can be linked to websites etc that own more personal information about you. However, a solution for this is sending some money to an extra / new address no one knows of. From then it's just a gamble whether it's yours or not. I think the government is not happy with Bitcoin with regard to people "saving money" in Bitcoin than on bankaccounts (in order to prevent paying tax) .

[junglemouse]

I like that it is decentralized and you dont need a lot of money to use your money.

[zecexe]

Reasons:
1. It’s as private as you want it to be
2. Anonymous currency transactions
3. Run by a network of contributors and freedom enthusiasts
4. Government can't take it away, f**k them
5. FREEDOM!

[Kapz786]

Fast and secure transactions and it's all done in the blockchain. And the transaction fee is usually very low or none. And bitcoin created this wonderful forum for us to talk about our investments. Bitcoin will be the future of currency, if not btc, then it would be something the same that uses the blockchain as well.

[lexuz]

I like that it is decentralized and i think bitcoin is a future of currency, so i can hold my money noone no i have

[aakashsangwan]

for me it is that the bitcoin is decentralised and i not trust the banks with my money. And the bitcoin is anonymous, unless someone knows our wallet address.

[freeyourmind]

It's great to have another option to fiat that is decentralized.  Also sending and receiving bitcoin is much easier and cheaper than with fiat.