Comparing Bitcoin and the Dollar is something that yields different results depending on what you are trying to learn. If the question is Bitcoin versus Dollar as a currency, then the Dollar wins, simply because it is accepted in many, many more places. If it’s Bitcoin versus Dollar for transparency, then Bitcoin – with its public ledger – has the advantage. There are many ways to compare the two currencies. This article will consider some of the advantages and disadvantages of each and explain some of how they differ. Basic Bitcoin Let’s start with some basics. Bitcoin is a cryptocurrency based on blockchain technology. That means that it is a digital, or virtual, currency that uses cryptography and a publicly distributed ledger, called the ‘blockchain’, to verify transactions. Why does it do that? Because when it was created, by the person going by the pseudonym ‘Satoshi Nakamoto’ in 2009, that was
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