Post
Topic
Board Bitcoin Discussion
Re: The Possibility Of An Altcoin To Overcome Bitcoin Is Very Rare.
by
Z-tight
on 04/11/2024, 15:25:39 UTC
In the area of regulation, it is clear enough that bitcoin stands out from other coins because of its regulatory clarity and compliance advantages, as well as in ecosystem robustness– there are exchanges, wallets and payment processors for bitcoin which are enough to support a large scale adoption.
Regulation has nothing to do with BTC in itself, it is centralized governments that want to regulate BTC, because they know they cannot control it directly. Exchanges, wallets, payments processors, etc, are not run by the BTC network, the network is decentralized and there is no central authority in control. Exchanges, wallets and the rest are run by third parties and developers and it is recommended to use the wallets that are open source and well reviewed, so you can verify the codes yourself.