/biz/ - Business & Finance

>>25795985
What you are talking about is a centralized system. In a centralized system someone can censor your transaction. The problem is that centralized systems are vulnerable to governments and regulations.

For this reason centralized cryptocurrencies are ultimately worthless. Might aswell just use a database at that point - just like a bank. Look at systems like E-gold, which in the end got shut down. The whole point is that decentralized cryptocurrencies cannot be stopped. And while Bitcoin currently lacks privacy, it's the most secure decentralized cryptocurrency. That said, nothing wrong with speculating in altcoins during a bull market. You can convert them back to Bitcoin when the ratio is high anyway.