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Author Topic: *What is really interesting about Bitcoin*  (Read 41 times)
Gentle_Soul (OP)
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Today at 09:27:47 AM
Merited by Emeraldo (1)
 #1


I was just pondering on this question when I started going into making certain research and reading some articles on Bitcoin because I really wanted to know why Bitcoin.  If I should convince a man who knows nothing about Bitcoin to start using Bitcoin what should I tell him,  what convincing words should I tell him or how do I make him believe in Bitcoin and start to use and invest in Bitcoin.

Let's look at some digital assets like gold, cash in banks, real estate and stocks. In all of this digital assets there can be one related set back or the other let's start with your gold gold can be seized at boarders you can not hide it or sneak it into any country so you need some rigorous processes to clear.
If you talk about your money in the bank of course the government can inflate and even make policies that will control how much you can access or spend and thereby making you not to be in full control of your own funds.
I just didn't want to talk about the real estate because the taxation on the real estate is just too much and it can also be seized too if there is any form of violation of protocol.
Your stocks is still under some sort of control by your broker who can decide to lock your account but in  Bitcoin reverse is the case your transactions and you funds are completely safe and secured without any fear or threat.
Emeraldo
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Today at 10:11:30 AM
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There are so many things that is interesting about Bitcoin and if you try to compare it to stock market, Gold or the fiat system that is fully regulated by the government, there will be more advantage of using Bitcoin for transactions and wealth accumulation to what you have compared it with. If Bitcoin was not good enough, there would have been so many articles and frequent comparison with Bitcoin.

The uniqueness of Bitcoin is the decentralized nature where you can send money while being anonymous on the blockchain.
The transparency of the blockchain has made Bitcoin far different from what you have listed in comparison making it hard to compromise the blockchain that aid the storage of transaction data.
MainIbem
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Today at 11:20:44 AM
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Lots of things makes Bitcoin interesting, from being an alternative means of transaction, decentralization, inflation hedge, self sovereignty to store of value which makes it a good asset to be held for future purposes, while comparing Bitcoin with other asset in terms of convincing someone about it, I think self sovereignty and inflation hedge is enough to give anyone reasons to consider Bitcoin as a choice of investment, moreover it's done better than the other assets you mentioned, in the past years in term of being progressive.

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adultcrypto
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Today at 11:21:13 AM
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A lot of Nigerians may not really appreciate this wonderful innovation now that we have the Naira floated and people can now pay for things abroad with their debit cards. During the time of Buhari when such access was blocked, there was no way to pay for things abroad. That was when bitcoin became magically important because what you will suffer for weeks going to the back to raise Western Union or other money transfer options which you might even be denied, you get that in minutes and at lower fees using bitcoin. If you passed through this process, you will very much thank God for giving us bitcoin to make things very easy for us.
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Today at 11:26:45 AM
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Let's look at some digital assets like gold, cash in banks, real estate and stocks. In all of this digital assets there can be one related set back or the other let's start with your gold gold can be seized at boarders you can not hide it or sneak it into any country so you need some rigorous processes to clear.
If you are travelling out and want to easily carry out all your wealth and asset to any kind of location you are going to without issues of taxation, challenge emanating from government policies or any form of border related challenges, then bitcoin stands as the best fit for that kind of stuff and the interesting thing is that regardless the quantity of bitcoin that you are holding, taking it to any part of the world is the least of your concern and you can go to the strategist of places and leave a low profile life without anyone actually knowing that you are that wealthy.

When it matters most and the need to transact low key without the thousands of questions from the government and other regulatory bodies is to be factored into, bitcoin stands out as the best solution that helps mitigate this differences.

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