The advantage of a blockchain currency is that no government can control it.
I never quite understand the attraction of Bitcoin.
But, also never understand, isn’t the trading in Bitcoin similar to how traders trade in any foreign currency? And depending on their trades, they hope that the Euro, Chinese Yuan(sp?), Japanese Yen, American dollar, or any other, go up or down depending on their trading?
Is trading in Bitcoin just like trading in any other currency or is there more to it?
Exactly. If one values individual liberty and Constitutional principles, one should own some cryptocurrency.
In my view, the two most viable cryptocurrencies are Bitcoin and Ethereum.
The disadvantage is that EVERY SINGLE TRANSACTION is completely traceable. You cannot keep transactions anonymous - ever. And that's by design. Using a few $20 is untraceable; using a Bitcoin is totally traceable.
Government controls the internet, which is the means of exchange.