⭐ Merited by Coolcryptovator (1)
Trust is the main value of bitcoin.
Trust? I believe many people in the forum are misinformed about this.
Bitcoin's main value-proposition is censorship-resistance, which is possible only through decentralization, which is only be possible only through running full nodes.
You think so? Why aren't other coins just as used as bitcoin when they have the same design and characteristics?
It's the trust that gives BTC the edge in both value and usage over other coins, and sometimes the trust is gained simply because others trust it, don't fool yourself into believing people are using BTC because of its decentralization or censorship resistance. If that would be the case the wouldn't store their coins on web wallets and be so keen on giving their KYC information to almost every service on the web. Trust that the coins are worth money and there will be always somebody to offer you something in exchange, this is the main thing now that keeps bitcoin on top.
bitcoin transactions are super fast. it takes literary 1 second, or 3 worst case scenario to propagate a transaction throughout the entire bitcoin network that is spread across the globe. and fees aren't that high most of the times but i agree that they should be lower.
Would you accept or advise anyone to accept zero-confirmation payments?
