Thanksgiving Day is the perfect opportunity to turn our attention to the people, events and things that make our lives better and offer us reasons to feel grateful. While meeting family members around the dinner table is an excellent way of expressing appreciation, those of us who irreversibly fell down the Bitcoin rabbit hole may have a few extra reasons to show gratitude.
Why should one feel thankful for Bitcoin? Whether we like it or not, it has changed our views on finance, politics, law and economics. The simple act of learning how and why this decentralized, nongovernmental currency came to be certainly has transformative effects. Bitcoin is much more than economic theory: It indiscriminately empowers millions of people around the world to store value and transact. This is a reality to which even the mightiest of governments and transnational corporations are trying to adapt.
Without further ado, here are five reasons to feel thankful for Bitcoin.
1. Bitcoin Is Conservative, Robust and Predictable
In most countries around the world, changing the rules overnight is only a matter of majorities. Even in the United States, where checks and balances are supposed to bring about slow changes, the situation can become unpredictable in a matter of days. A member of Congress submits the draft for a bill, and then proceeds to convince elected officials from both the House of Representatives and the Senate to vote for it. If the required majority is attained, then the voted bill gets sent to the President to either sign or veto.
In the case of Bitcoin, changing the rules is a lot more difficult. It requires the consensus of a majority of user nodes and support by the miners. There is always a threat that the chain is going to split due to conflicting attempts
