/biz/ - Business & Finance

>>52825012

>Bitcoin P2P Cryptocurrency 2009

>Bitcoin is a peer-to-peer network based digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. >Advantages:

> * Transfer money easily through the Internet, without having to trust middlemen.
Don't you have to trust the lightning network ?

> * Third parties can’t prevent or control your transactions.
Lightning ?

> * Bitcoin transactions are practically free, whereas credit cards and online payment systems typically cost 1-5% per transaction plus various other merchant fees up to hundreds of dollars.
1MB Blocks and 3-4 transactions per second killed that dream.

Bitcoin transactions are practically free, Look at the original Bitcoin.org page. READ it.
https://web.archive.org/web/20100722094110/http://www.bitcoin.org/
https://archive.vn/jX8jv
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BTC is not Bitcoin. Read the white paper.
BTC has LN network which is a 3rd party - it is not P2P as described in the Bitcoin White Paper.