Re: What is the 'purpose' and 'nature' of Bitcoin? Some questions.
M-Pesa users actually already have a advantage over other people, in that they already grasp the concept of a digital currency. M-Pesa
however is centralized and this is where Bitcoin is much better. When the mobile service providers are forced by governments to act in a
specific way, they have no choice in the matter.. They operate in these countries with the permission from these local governments... So they
must play by their rules. If you are a "pure" Bitcoin user, that does not use third parties, then you have 100% control over your money.
The difference between banks and miners are that Miners are not a individual entity... but a collective global action from a group of
independent people.
however is centralized and this is where Bitcoin is much better. When the mobile service providers are forced by governments to act in a
specific way, they have no choice in the matter.. They operate in these countries with the permission from these local governments... So they
must play by their rules. If you are a "pure" Bitcoin user, that does not use third parties, then you have 100% control over your money.
The difference between banks and miners are that Miners are not a individual entity... but a collective global action from a group of
independent people.