Why is Bitcoin better than fiat currency?

30 Sep 2022 By PAYCEC

As Bitcoin allows you to exchange value directly, thanks to a peer-to-peer (P2P) network that obviates the need for third-party involvement (like a bank), it is nearly impossible to counterfeit or double-spend.

However, it doesn’t mean Bitcoin is better than fiat currency. The Bitcoin network consumes as much energy as entire countries such as Argentina and Norway, not to mention the massive electronic waste footprints generated by mining Bitcoins.

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