GOLDBUFFALO Monday, 07/05/21 05:31:34 PM
Re: None
Post # 23558 of 23559
Here is what you will not hear in the Fake News. What is the benefit of BTC?
1 - You can trust that BTC is 100% authentic and cannot be counterfeited
2 - BTC can only be spent once (transaction) and is 100% verifiable. Anyone that has a wallet has a copy of the BTC since inception. Anyone can search any transaction on the ledger (blockchain)
3 - No one else can claim your money belongs to them (privacy keys)
4 - There is no bank (third party) - this is the biggy. Ask yourself when you read all the FUD headlines - Do you really think these giant banks are going to go silently in the night? I think not!
5- Don't believe the "energy wasting claims" - BTC is WAY more green than banks. BTC uses just a fraction of the energy than big banking does. Plus think of trees, water, and soil resources that big banks use. BTC is much "greener"
6 - Store of value. BTC fails for commerce but it is like a digital bar of gold. I dont carry the bar of gold into a store to buy toilet paper but it backs and measures the currency I use. There is one coin that is going to shock the world very soon that bolsters the commerce side and works seamlessly along side BTC - Goldcoin (GLC). They have made significant advances in the network, like 32 mb blocks. The first 6mg block was produced last month on the network. It will be huge. The developer screwed it up for years but he has about lost the control he had before and now it is more community driven. This is a PoW coin. Always keep in mind that PoW will remain king of cryptos. All PoS will be centralized eventually. GLC is coming to BIG exchange late this year
