Post
Topic
Board Economics
Re: USD vs BTC
by
dragunfly
on 26/08/2016, 15:05:29 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 unfortunately we cannot do anything about it as there will always be people with more impact on bitcoins as they will have more of it