1. Completely Centralized- Without issuing institutions, it is impossible to manipulate the number of issues. Its circulation and distribution are achieved through the open source p2p algorithm. Since traditional currency distribution rights are controlled by the state, they are considered by many underlying people to be tools for plundering the working people. The emergence of Bitcoin has catered to the needs of many anarchists.
2. Anonymous- Tax-free, and exempt from supervision. There is no need to provide proof of identity for the transaction, no risk of identity theft, the bitcoin address is not associated with the user's identity, you can generate countless bitcoin addresses.
3. Robust- Bitcoin relies entirely on the p2p network, no distribution centre, so the outside cannot close it. Unless the global power is cut off, or the entire Internet is blocked. Bitcoin prices may fluctuate and collapse, and many governments may declare it illegal, but the huge p2p network of Bitcoin and Bitcoin will not disappear.
4. No Borders or Cross-Border - Cross-border remittances will go through a layer of foreign exchange control agencies, and transaction records will be recorded by multiple parties. But if you use Bitcoin to trade, enter the digital address directly, click the mouse, wait for the p2p network to confirm the transaction, a lot of money will pass.
5. Exclusive Ownership - The manipulation of Bitcoin requires a private key, which can be stored in isolation on any storage medium, except for the user himself.
6. Low Transaction Costs - Bitcoin can be remitted for free. As a means of payment from A to B, there are no limits and formalities. Knowing the other party's bitcoin address, you can make a payment.
7. No Size Limit - If you have enough money, you can transfer money of any amount to anyone, and the transfer fee is almost zero.
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