1 Level
1 Review
1 Karma
Review on Bitcoin by jesus narvaez
Nobody is obliged to reveal their identity, which makes bitcoin especially…
Nobody is obliged to reveal their identity, which makes bitcoin especially useful for use in countries where totalitarian regimes rule. Over time, it is normal for the percentage of variation to decrease and have a more stable quote.
Pros
- no state or government can avail it and it can be used all over the world, regardless of geographic and political barriers, no debt can be created with it, its value does not depend on a central bank intervention, all transactions are recorded in a free access record, A huge amount could be saved in a USB memory, which can be saved or carried without relying on third parties.
Cons
- Since its creation it has had a great increase in prices. Over time, it is normal for the percentage of variation to decrease and have a more stable price. If you do not have support behind governments and central banks for many, it can be a clear disadvantage since you would be more comfortable with the support of a regulator. The huge advantage that implies that transactions are anonymous is a disadvantage for many of those who They fear that it will be used for illicit activities and will not comply with the tax.
