Item: Bitcoin Core
Rating: 7
Author: Verified User

Overall Satisfaction with Bitcoin Core

Use Cases and Deployment Scope

We use Bitcoin Core as our main Bitcoin wallet software for treasury management and blockchain information. Bitcoin is a network of nodes running Bitcoin Core software so if you want to participate in the Bitcoin network, running Bitcoin Core is the recommended way of doing so.

We run it locally as part of our treasury infrastructure.

Pros and Cons

Pros

Simple, secure access to the Bitcoin blockchain
Open source, auditable and solid performance
Send and receive Bitcoin immediately

Cons

UX may seem clumsy the first time but it's getting better
It may take days to download the blockchain depending on your disk and bandwidth speed, but that's by design
Support for commercial hardware wallets is still missing, and I think they will keep it that way

Return on Investment

It's free software so ROI is basically exponential
Our financial team now understands and has access to Bitcoin
Running Bitcoin Core helps add traction to the network and helps it to get adopted more

Alternatives Considered

Electrum Bitcoin Wallet

Electrum needs a Bitcoin Node to run. You can run your own Bitcoin Core service and connect it to Electrum for a full stack, self-custodial Bitcoin wallet.

You may run a public Bitcoin Core node, so other people with Electrum use it to verify their transactions, helping the network work faster.

Key Insights

Do you think Bitcoin Core delivers good value for the price?

Yes

Are you happy with Bitcoin Core's feature set?

Yes

Did Bitcoin Core live up to sales and marketing promises?

Yes

Did implementation of Bitcoin Core go as expected?

Yes

Would you buy Bitcoin Core again?

Yes

Other Software Used

Electrum Bitcoin Wallet

Likelihood to Recommend

Bitcoin Core is the canonical way to run Bitcoin. If you want to send or receive Bitcoin or understand how it works, installing and running Bitcoin Core is a must.

If you are not a technical user, you may use Umbrel as a wrapper to Bitcoin Core, which will install it and manage it for you.

Comments

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Review author
commented 2 years ago
Sir, this is a Wendy's. No seriously, bitcoin core is a software program that implements the bitcoin protocol. You don't have to pay anything to use it, it's free. I guess this is some misunderstanding, did you get scammed?