To interact with this page you must login.
Signup
technology
understand
Why does Bitcoin think that a third party controlling money is a bad thing?
Bitcoin's official website, states the following reasons for using Bitcoin over other payment methods, taken from the official website.
No chargebacks, no bank of clearing house, no fees, your account can't be frozen, can be used in any country, less restrictions means that great ideas flourish.
A video from Youtube user bitcoin, says that it'll help countries [and people] which are sick of the devaluation of the dollar. And that because more Bitcoins can't be printed on demand, and is instead automated, the system is more fair.
Why is a third party such as a bank being involved in a payment, a bad thing, in Bitcoin's eyes? Someone please explain it to me.
No chargebacks, no bank of clearing house, no fees, your account can't be frozen, can be used in any country, less restrictions means that great ideas flourish.
A video from Youtube user bitcoin, says that it'll help countries [and people] which are sick of the devaluation of the dollar. And that because more Bitcoins can't be printed on demand, and is instead automated, the system is more fair.
Why is a third party such as a bank being involved in a payment, a bad thing, in Bitcoin's eyes? Someone please explain it to me.
technologyunderstand
