Comments by "SAL" (@SAL-fs1mr) on "The Guardian" channel.

  1.  @mowler8042  there are many instances worldwide where government currency simply doesn't work well. Bitcoin enables citizens to bypass sanctions and evade hyperinflation. It may also grow into a safe haven asset, as holding it does not require a counterparty to trust.
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  2. 1. basically, the idea is to be the opposite of the banking system. Since the banking system is a centralized system where the central banks can print as much money as they want, Bitcoin is a decentralized system where there is no central point of control and the amount of coins is limited (no one is allowed to print as much as they want). 2. The entire global market determines the price of bitcoin as any given time. It all boils down to supply and demand. It's no different than anything else out there that has its price based on global markets. 3. There is a wide variety of ways to store it. You can store it on your regular computer (not very secure) or on your smart phone (O.K. security) or buy a dedicated hardware wallet (very secure).
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  3. It can work because no one has been able to successfully hack the bitcoin protocol in over 10 years.
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  4.  @mowler8042  that report is a piece of news of hackers stealing bitcoin from an exchange company. Bitcoin can be stolen by people and companies who don't practice computer security properly. This is important to distinguish from bitcoin itself being hacked - which has never successfully occurred in all its existence.
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  5. Bitcoin is better than Visa debit. You have full control of your funds, you can send to anywhere in the world without restrictions, and value can grow by holding your funds.
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  6. compared to how government currencies operate, heck yea, it's simple.
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