Post
Topic
Board Bitcoin Discussion
Re: People have a complete misunderstanding of Bitcoin.
by
peter0425
on 23/04/2024, 16:10:06 UTC
What is the bridle in Bitcoin? To some extent it's the blockchain. And what are the reins? They are the extent that the rider allows himself to control the horse, with or without the control of government or banking. It's up to the rider where he wants to sit in the saddle... in control of the horse, or under the thumb of government.
That is good analogy and somewhat easy to understand even without proper information about horses and the likes. Maybe I can use this someday to explain what bitcoin is to someone  Grin

Quote
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?

Cool
Why can’t we just create a whole new one?

I don’t think turning something that has existed way before into something it isn’t meant to be is the safest option. I’d rather have some create something out of nothing but meant to be used the way you are suggesting.