In my consciousness, Bitcoin will unequivocally get better and better in the near future.
I know most people have had some unpleasant experiences with bank transactions, like that of the
kiwi bank double charged customers Hundreds of people were double-charged on Friday after a system failure impacted the connection between Kiwibank and Visa Debit Cards.
Between 3.20pm and 3.35pm on Friday, 230 Kiwibank customers were charged twice for their purchases, with a total value of "less than $10,000" according to communications manager Kara Tait.
I had similar harsh experience with my bank.
Good day my friends. On the 13th of January 2022, I went to a supermarket and bought goods that were about $130 in my local currency. I paid with my debit card and got debited. On getting home that day, I received another debit of $130 from the same supermarket I had just left. I rushed to the supermarket and complained, but all they could point to was a network glitch, claiming that the problem was not from their end and that I should contact my financial institution.
I went to the bank and filed a complaint. I was told to wait 48 hours and the money would be reversed. I waited, and the money was reversed in 28 hours, less than the proposed hour. I have carried out lots of Bitcoin transactions but have not been double charged like my experience with the bank.
Bitcoin Double-spending: Double-spending is a potential flaw in a digital cash scheme in which the same single digital token can be spent more than once. This is possible because a digital token consists of a digital file that can be duplicated or falsified.
Apart from the Double-spending problem of Bitcoin which is
not very much difficult because a transaction verification mechanism (Blockchain) has been developed to combat this problem.
Since 2019, when I got into Bitcoin, I have not even read or seen any Bitcoin user complaining of having been double charged after sending Bitcoin to a Bitcoin wallet address. That confirms how Bitcoin transactions can not be compared to transactions that are based on a centralized system. Bitcoin will even grow from better to best in the future.
Kind regards, Dr.Bitcoin_Strange 👺
