Post
Topic
Board Bitcoin Discussion
Re: Where is "Why Bitcoin can never be beaten by any other cryptocurrencies?"
by
Synchronice
on 02/02/2024, 09:20:55 UTC
bitcoin is currently the most secure, most decentralized, most valuable, most adopted, and most fairly launched cryptocurrency that is currently in existence, and it also has the biggest infrastructure.
- Bitcoin is not the most secure currency, have a look at some other altcoins.
- Bitcoin is not the most decentralized because have a look at hashrate distribution, two pools, AntPool and Foundry USA own the most hashrate, two countries, China and the USA own the most hashrate. You can't mine from home with your GPU, you need a very expensive equipment and a very cheap electricity, this is the thing that only big corporations can access to. It's transaction fees can easily be abused, like Ordinals do.
- Yes, it really is the highest valued cryptocurrency, it's the OG.
- It's most adopted, that's true.

I think Bitcoin has its pros and cons and it's wrong to pretend that cons don't exist.

Satoshi created bitcoin to solve the problem of trust with governments
Where did you read that? I read the Bitcoin Whitepaper and there wasn't word Government mentioned. Bitcoin was created to allow online payments to be sent directly without going through a financial institute.