What really do you think about safety of btc, probably some form of legal bindings legacy for the project. Am assuming if btc has this securities it will do it more good improving the stability of government collaborating with project for longer extensions and records.
Do you know if btc have this binding records or what is the safety security of it?
Bitcoin operates in a decentralized and trustless environment, which means that there are limited legal protections for Bitcoin users and investors. While some countries have implemented laws and regulations that specifically address Bitcoin and other cryptocurrencies, there is no universal regulatory framework for Bitcoin. The security of Bitcoin is based on a combination of cryptographic algorithms, peer-to-peer networking, and a consensus mechanism. The decentralized nature of the network means that there is no central point of control, which can make it more resilient to attacks and censorship.
However, it is important to remember that Bitcoin, like any technology, is not infallible and there have been instances where the network has faced challenges such as network congestion, high transaction fees, and security breaches.
