Now I wanna ask your opinions on my main point which is:
"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."
Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.
So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point.
https://youtu.be/WgxD5DmS6z8I don't agree.
There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.
As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.
Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.
There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.
Decentralization is what made bitcoin possible.
IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.
I definitely agreed on what you are fighting for Sir. And I'm with your side on this reason. I do believed that if bitcoin is the Father of all crypto currency it means, bitcoin is the only one decentralized virtual currency that cannot be copy by anyone else. They may get an idea about the system it has in the blockchain but its not accurate of course. That's the main reason why Bitcoin until now was still no. 1 digital coin among crypto currency in terms of its price value in the market, take note in all exchange site platform in crypto trading industry.