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Technology / Re: Is bitcoin a safe alternative to centralized payment systems?
« on: 06/02/2023 04:45:51 »
No
Bitcoin costs somewhere in the region of 20,000usd to produce, a US dollar bill costs cents to print, most conve tional currency does not exist, is created almost without cost.
People will want to trace and guard their bitcoin from theft, catch the badguys protect from foreign agents doing harm, have a stable system from erratic prices. These things require governments and armies and management.
Bitcoin costs somewhere in the region of 20,000usd to produce, a US dollar bill costs cents to print, most conve tional currency does not exist, is created almost without cost.
People will want to trace and guard their bitcoin from theft, catch the badguys protect from foreign agents doing harm, have a stable system from erratic prices. These things require governments and armies and management.
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