Bitcoin Baby
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Some commentators have dismissed bitcoin technology as a joke compared to blockchain, but actually bitcoin technology is proving more resilient as a de-centralized, truly novel approach to financial services.
Most blockchain implementations in the financial service industry deliver cost efficiencies, but are permission-based, which makes them similar to all other centralized technology.
However, by using Bitcoin as a base layer technology, new digital cash systems, can be built without the risks of regulation or shutdown … delivering true independence.
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