Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin as digital currency
by
South Park
on 27/12/2023, 22:04:02 UTC
Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.

Wouldn't physical cash be more censorship-resistant since Bitcoin has a public ledger that allows authorities to potentially trace transactions?


Cash without a doubt holds some advantages over bitcoin, however cash is controlled by governments or central banks and it can be printed in massive quantities, there is also a war on cash by the governments and it will not be long until cash disappears and only digital money remains, there are limits to the amount of cash you can move when traveling to a different country, even moving huge amounts of cash a short distance is a problem as now you need to secure it in ways a form of money like bitcoin does not need, so as you can see the advantages bitcoin has over cash are also quite important.