[robroys woman]

Whatever its faults, Bitcoin’s primary virtue is that it is not under the control of any government or NGO.

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And, conversely, its greatest weakness is that it is not backed by any government. Now, if it were made of pure, real gold, that wouldn’t matter. But that is not the case. Technically, it doesn’t even exist. At least you can plant a tulip bulb.

[E. Pluribus Unum]

If you don't like Bitcoin, you are free to not use it.

[Gideon7]

Technically, it doesn’t even exist. At least you can plant a tulip bulb.

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Okay, so how do electronic transactions work? For example an international wire transfer?

There is nothing physical, nothing you can point at, it’s all just bits and bytes.