Post
Topic
Board Economics
Re: USD vs BTC
by
ontrackk
on 25/08/2016, 21:57:57 UTC
USD still popular over high popular is compare bitcoin
you wrong is compare, maybe compare dollar paypal , dollar perfectmoney dollar okpay is right placed compare
is comare USD not equal, USD real curency in the world , bitcoin digital curency

I have no idea what you are trying to say but for me I think USD is still better currency in compare to bitcoin as it can be used anywhere to buy anything.
it is not a better currency at all, bitcoins are the best because they are not controled by any banks or other financial institutions

But Bitcoin is essentially controlled by major mining pools now. They seem not to exercise their power (at least, openly), but apart from that, they are just like any other financial institution which has control over money (the US dollar or whatever)...

So what's the difference really?
well you are right, thats what i dont like about bitcoins because it becomes a little bit centralized
though it is impossible to avoid it and you cannot do anything about it, its not a tragedy that some people have more power