this post was submitted on 05 Jul 2024
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Privacy

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[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

Your other points aren’t really valid if you ever want to convert Bitcoin to something that isn’t Bitcoin

A. I don't, I'd rather use Bitcoin for everything. Year after year, for fifteen years, that has gotten easier as the network has continued to grow and exchange rate stability has increased.

B. Then it would equally apply to Monero or any other cryptocurrency

Bitcoin lightning changes Bitcoin's whole privacy situation. Lightning transactions don't go on chain and confirm in under a second for pennies in fees.

so things like having control of your money, needing ID, and trusting centralized entities (sure, exchanges plural) are a huge part of Bitcoin.

I believe you mean a huge part of the existing banking system and markets. None of that is Bitcoin, Bitcoin can operate just fine without any of it.