Bitcoin uses peer-to-peer technology to work with no central authority or banks; managing transactions and therefore the issuing of bitcoins is administered collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everybody can participate . Through many of its unique properties, Bitcoin allows exciting uses that would not be covered by any previous payment system.
Some wealthy people have expressed their disdain towards Bitcoin . They believe Bitcoin may be a scam or Ponzi scheme backed by nothing. Figures like Warren Buffet, and even Donald Trump himself believe Bitcoin may be a sham. I'm surprised to ascertain this, since Bitcoin brings many profit opportunities to its "hodlers". for a few reason, millionaires (or billionaires) hate Bitcoin . they typically support Gold and Fiat, not eager to try something new like crypto/Blockchain tech. Justin Sun tried to convince Warren Buffet to urge into crypto a short time ago, only to seek out that his efforts were vainly .
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