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20 sats \ 1 reply \ @erikds 1 Jul 2023 \ on: What’s the most overrated/underrated aspect of Bitcoin? bitcoin
The most overrated is the censorship resistance.
Yes, no government fully censor bitcoin globally.
But censoring their citizens is trivial. The Bitcoin P2P traffic is not encrypted so my ISP could trivially block all bitcoin traffic can and break my node.
It is really difficult to use bitcoin anonymous. Most bitcoin users rely on an electrum server which is operated by a chainalysis company. Surveillance is rampant on the bitcoin network.
It might not even be possible to buy hardware that isn't spying on you in some countries with an authoritarian government.
The amount of infrastructure you need to use bitcoin is ridiculous.
If you want to pay and avoid surveillance cash is a superior tool.
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