Advantage


Dan Delancey asked 3 months ago

What is the advantage of using bitcoins vs dollars?

1 Answers
Steven Hay answered 3 months ago

Hi Dan,
 
Well, there are obvious financial advantages in saving Bitcoin rather than fiat.
 
If you mean using as in transacting, Bitcoin is much faster for paying people in foreign countries than sending a bank wire in USD. Bitcoin is also a lot cheaper to send that USD-based payment services. Bitcoin also can’t be censored and offers more privacy by default.
 
Bitcoin is also good if you don’t agree with paying tax to support things like war or to pay interest to the private central bank which controls the Dollar…
 
The more you look into Bitcoin, the more good reasons you’ll discover.

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