Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Sunday, August 28, 2022

Bitcoin's Competitive Advantage


 

Bitcoin is vetted independently. Created by the people. For the people.

When Bitcoin is created via the Bitcoin algorithm, the general public says whether the Bitcoin creation is correctly completed and whether one additional Bitcoin exists.

No meddling by governments, by government backed agencies like the Securities and Exchange Commission and by central banks like the Federal reserve or the European Central Bank.

In addition, Wall Street investment banks do not get to be the gatekeepers for Bitcoin creation. For trading, Wall Street with its liquidity resources will, for the time being remain a vital Bitcoin and cryptocurrencies trading facilitator.

So Bitcoin looks clean for now. As long as the general public prevents large scale fraud involving Bitcoin and prevent government from barring or regulation close to extinction the cryptocurrency market and Bitcoin in particular will continue to thrive.



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