Simple - Valuation, ownership, and potentially infinite competitive Crypto.
If the supply of Crypto goes up, the value comes down.
Called inflation in my world.
Re: "It's a bit more complicated than a spreadsheet."
My understanding is that the Block Chain records an anonymous transaction between two anonymous persons or business entities.
How does that help you? I do not see it.
Re: "One of the beauties of bitcoin is you cannot get charged back."
I do not know what charged back means?
Re: "Electricity..."
My closing laugh line - which failed.
The supply is capped. Once it gets to 21 MM, it’s done. Thus, no inflation of bitcoin.
The key to the blockchain is the confirmation process that records the “agreement” between the two peers. The process, which is based complicated algorithms, eliminates the need for a third party “processing” the transaction. The results are public and recorded so that anyone can see them.
This is th key to eliminating the banks and governments.
If you have ever dealt in bank transactions, you understand that what the bank grants, it can claw back. Once a transaction is done with the blockchain, it cannot be reversed.
There are many, much better explanations out there. It is worth taking an hour or so to understand what makes this different. A quick search will find them.