> Unlike every other attempt at electronic cash that came before it, Bitcoin also doesn't need the approval of any person, police force, legislative body, military, or government. I'd challenge people who hold negative views on Bitcoin to name some other systems for which this holds true.
This isn't actually true, BTC requires a certain amount of subsidy every ten minutes from the global economy. If that subsidy is not forthcoming it ceases to function. That subsidy is constantly increasing in terms of purchasing power.
Further, the regulatory authorities of the world have complete power over the transactions that take place on the ledger, and pretty much full visibility into and out of the ledger when it comes to their controlled fiat currencies.
Neither of the above hold true for many other cryptocurrencies, but I'm not interested in shilling for them, because the entire cryptosphere as a whole is a wretched hive of scum and villainy, largely because of attempts to force the above status quo from BTC onto the remainder, which given the multitude thereof, and the ability for them to endlessly replicate and spawn, is basically doomed to failure.
Note: I am well aware that the popular opinion of BTC is not aware of much of the above, but I didn't say "people believe x" I just said "x".
This isn't actually true, BTC requires a certain amount of subsidy every ten minutes from the global economy. If that subsidy is not forthcoming it ceases to function. That subsidy is constantly increasing in terms of purchasing power.
Further, the regulatory authorities of the world have complete power over the transactions that take place on the ledger, and pretty much full visibility into and out of the ledger when it comes to their controlled fiat currencies.
Neither of the above hold true for many other cryptocurrencies, but I'm not interested in shilling for them, because the entire cryptosphere as a whole is a wretched hive of scum and villainy, largely because of attempts to force the above status quo from BTC onto the remainder, which given the multitude thereof, and the ability for them to endlessly replicate and spawn, is basically doomed to failure.
Note: I am well aware that the popular opinion of BTC is not aware of much of the above, but I didn't say "people believe x" I just said "x".