I wanted to take a little "survey", let's call it that.What do you guys think what is Bitcoin's biggest advantage and biggest disadvantage? To limit the number of inputs and opinions per one person, I'd like everyone to name only 1 Pro and only 1 Con. At the end of each week I will update the topic with total results from everyone so we can see what drives Bitcoin users. Remember: name 1 Pro and 1 Con about Bitcoin
What is Bitcoin? History, Characteristics, Pros, and Cons
Bitcoin has revolutionized the transaction system and the mode of exchange over the years. It has no physical presence but has a digital presence. The best part of this currency is it never works on the principals and the policies made by the banking system of the world. It is free from any sort of government intervention and regulations. Now to know it more clearly you need to know What is Bitcoin? There are several aspects of Bitcoin you need to know. Therefore, it is very important that the basics of it must be clear in your mind.
What are the pros and cons of bitcoin's UTXO based model vs Ethereum's account based model?
What are the pros and cons of bitcoin's UTXO based model vs Ethereum's account based model? Is one objectively better than the other or do they serve different usecases? I understand from a high level the difference between the 2 but I'm not exactly sure the implications of such a decision.
If you have crypto stored in Coinbase. What would be the pros and cons of moving it all to a Ledger S vs keeping it in Coinbase with 2 Factor Security turned on. Also can anybody ever steal the bitcoin keys on Coinbase?
New to this and trying to understand it more Thanks!
Many are attracted to Bitcoin by its independence and pseudo-anonymity. But its convenience of use, speed and costs are not always as attractive as one would like. The main advantage of using Bitcoin for payment is you do not need a middleman, like a bank, to complete a transaction. In some cases, however, transaction speed and costs are a downside for this currency. Pros
You can make payments with bitcoins 24/7 all over the world, even where there’s no banking system.
International payments with bitcoins can be faster and cheaper than with traditional banking.
You can spend bitcoins in the same ways you spend traditional digital money – from a desktop computer, a mobile phone or a debit card.
Bitcoin has valuable features for business, too, like multi-signature authorization and accounting transparency. Multi-signature means that several people need to sign off on a payment, which provides more security. And the very nature of a blockchain – where all transactions are public – improves a business’s transparency.
Despite attempts to enable offline bitcoin payments, use of the currency still largely depends on internet availability.
While Bitcoin beats traditional banking in international payments, it’s too slow and expensive for retail transactions like buying tea or groceries. The speed can be expected to improve in the future.
As Bitcoin is still in development, the transaction speed and fees are not stable.
Converting bitcoins into fiat money is costly.
Not every shop or service provider accepts bitcoins. The number is growing, though.
05-09 03:54 - 'There are only three sites that I personally trust to buy (and sell) crypto in Canada (Coinberry, Newton, and Shakepay). All three websites have their pros and cons but I’ve never had a problem with any of them and I’ve...' by /u/Crypto4Canadians removed from /r/Bitcoin within 4-14min
''' There are only three sites that I personally trust to buy (and sell) crypto in Canada (Coinberry, Newton, and Shakepay). All three websites have their pros and cons but I’ve never had a problem with any of them and I’ve been using them for a long time. I’ve actually made a video on each site if you’re interested in learning more about them or how you can safely and easily buy crypto within minutes (on your phone too). I’ve also created a comparison video showing the differences among all three sites. The spreadsheet used in the video has also been updated so check the link below to see the updated differences. If you are interested in signing up with any of the websites, be sure to get yourself the signup bonus ($25 with Newton, $20 with Coinberry and $10 with Shakepay) by using the links in the videos. Comparison of all 3: [[link]7 Updated spreadsheet of comparison: [[link]8 Coinberry: [[link]9 Newton: [[link]10 Shakepay: [[link]11 But if you’re someone who wants to automatically dollar cost average your Bitcoin (only) buys, then check Bull Bitcoin as they’ve got a great platform specifically for that. You can get a $10 loyalty credit if you use the link the video description when signing up: [[link]12 ''' Context Link Go1dfish undelete link unreddit undelete link Author: Crypto4Canadians 1: yo***.be/y0CWjX*6_*c 2: docs.*oogle.com*d*cument/d/**ek8cC*hbUZ**gUGdkH*s2UU5*F0*k*Odkd***HbF*w*edi*?*sp=sh*r**g 3: youtu.be/*F*Z*v*t*dI 4: yo**u.b*/5*3*OWw0c2I 5: you**.be*m*h2*v4jRWM 6: ****youtube.*om/watc*?v=2*Ll*Cu-*S0 7: yo*tu.*e/y*C**X*6\_Cc]^^1 8: docs.google.co*/d*cume***d/1*ek8c*nhbUZcZg*GdkHm*2UU5S*0*k*Od*d**d***e*/*dit*us*=sha*ing]^^2 9: *outu.be/7FyZ*v**2dI]^** 10: youtu.b**5*3zO*w0*2I]^^* 11: *out**b*/mZh*X*4jRWM]^^5 12: www.you*ub*.com*w*t***v=*CLll*u-CS*]^^6 Unknown links are censored to prevent spreading illicit content.
04-29 04:34 - 'Anyone have any good resources to understand the pros and cons between Proof of Work and Proof of Stake? Is Proof of Stake truly a practical and secure way to operate a blockchain network over the lo...' (self.Bitcoin) by /u/the420chronicler removed from /r/Bitcoin within 2066-2076min
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