Bitcoin is more transparent than the Federal Reserve.
The Federal Reserve Chairman Janet Yellen decried Bitcoin at a Canadian finance conference. She went through the typical anti-Bitcoin points that “Bitcoin is a bad store of value,” “Bitcoin is slow,” and “Bitcoin is not accepted anywhere.”
But Bitcoin has two things that no other currency in the world has, not even the U.S. Dollar: Decentralization and Transparency.
Why buy Bitcoin, if not for those two reasons alone?
Bitcoin’s transparency is in direct conflict with the Federal Reserve. Not only do we have no transparency into past transactions in the fiat currency system -- i.e., where our taxpayer dollars go -- but we don’t even know how much money is being printed.