The state will never be able to provide such a high level of anonymity as the bitcoin provides. Cryptocurrency is based on mixing of the anonymity and transparency. Thereby, the users are able to control the development and work of the system and can improve their anonymity with BestMixer.io.
No monopoly and no boundaries
The absence of monopoly in the production of bitcoins – one of the most attractive of its characteristics. Negative economic consequences of the monopoly are known:
- The goods and services produced by the monopolist are more expensive than those produced in a competitive environment
- The monopolist produces a smaller amount of public goods but receives more from it than competitive producers would get.
Why are the bitcoins created?
Economic agents responded with the revolutionary innovation to the problems of monetary circulation stemming from the state monopoly in the sphere of monetary emission – the invention of the cryptocurrency. The main advantage of cryptocurrencies over conventional ones is the substantially lower transaction costs – distribution costs. They are usually zero or very low commissions. Transactions take significantly less time than in the case of using ordinary currencies.
Why many states don’t like the cryptocurrency
As a result of the expansion of production and use of cryptocurrency, the state may lose its important attribute – the right to issue national currency. It is possible that in the foreseeable future, national currencies will become atavism. Also, banks may lose power over the channels of monetary circulation. Moreover, the state will never be able to give such anonymity, as BestMixer.io can.