Part 5/13:
Antonopoulos elaborated on Bitcoin’s potential to radically improve online commerce. Unlike credit cards, which expose consumers to privacy risks, identity theft, and data breaches, Bitcoin transactions are pseudonymous and do not require revealing personal data. This shifts advantage back to the consumer, who remains in control of their funds at all times.
He highlighted that Bitcoin transactions are inherently secure—if one wants to hack a billion wallets, they'd have to compromise billions of devices, a near impossibility. This is a stark departure from traditional financial infrastructure, which is riddled with security vulnerabilities due to centralized databases and credential sharing.