Five Ways Bitcoin Is Better Than Your Bank
By T.S. Lanowitz on The Capital
It’s been over a decade since the birth of Bitcoin. Since then innumerable articles have been written, millions of dollars have been invested, and an incredible amount of transactions have been processed.
So what is the state of Bitcoin today? Has it developed to become better than traditional banking? This article examines have ways in which Bitcoin has the advantage over your bank.
“Be Your Own Bank”
This slogan has been uttered again and again by members of the Bitcoin community. But what does it mean? And is it still true today? Is this a reason to use Bitcoin?
Honestly, this is one of Bitcoin’s best selling points. In fact, in some ways, Bitcoin was a direct response to the bailout of the too-big-to-fail banks after the 2007 financial crisis. So it makes sense that using Bitcoin provides an alternative to what many people consider a corrupt or predatory industry.
When you use Bitcoin, you don’t rely on a corporation to keep your money for you. You don’t have to ask Chase or Wells Fargo to send money for you whenever you want to pay a bill. There are no terms and conditions that could exclude you from doing what you want to do with your own money.
