What are the advantages of using bitcoin over a bank account/credit card/Paypal account?

What are the advantages of using bitcoin over a bank account/credit card/Paypal account?
  • There is no centralised middleman controlling the flow of money, so your funds can’t be frozen, held, or subjected to arbitrary spending limits.
  • You can send nearly instant payments anywhere in the world for a very small, optional fee; usually equivalent to a few cents.
  • Bitcoin transactions are irreversible. For merchants, this means no chargebacks and a much smaller risk of payment fraud.
  • All Bitcoin transactions are on public record, so it’s possible to prove a payment has been made or personal ownership of bitcoins.
  • Bitcoins cannot be counterfeited or debased — only a finite amount of bitcoins can ever be created.

  • Bitcoin can be an anonymous form of payment if certain precautions are taken.

    Would you add anything else to this list?

https://ift.tt/2PzPxgq

Comments

Post a Comment

Popular posts from this blog

Bitcoin Core errors with database block

Bitcoin Core errors with database block I've had the follow issue: on one machine I've launced Bitcoin Core v0.16.0 and Litecoin Core v0.16.0. Each application work in separate datadir also each application have setted callback call for event walletnotify . For now I use both application with testnets. Recently, there have been frequent cases when these applications stop sending transactions, when restarting, an error occurs: "Corrupted block database detected. Do you whant to rebuild the block database now ?". It happens on both apps Bitcoin Core and Litecoin Core, after rebuild applications continue to work, but after a while it happens again Please help me, what I doing wrong? Thank you for any advice https://ift.tt/2z6j9rL
Read more

sendrawtransaction and txn-mempool-conflict

sendrawtransaction and txn-mempool-conflict When i sendrawtransaction to bitcoind, i get error (exceptions) 18: txn-mempool-conflict (use Bitcoin JSON-RPC denpamusic/php-bitcoinrpc ) But the transaction is sent to the network and is subsequently confirmed. Example one decoded transaction : https://jsfiddle.net/rn58a4j6/ then i send this transaction: 94ec12fc463230b4285a29b047608627c05572a4c6eabe6688a201ce49ae72f7 https://ift.tt/2MY2KP0
Read more