![Cartoon: Bitcoin Baby](https://bitcoinmagazine.com/.image/t_share/MTc5Mjk3ODEwNTA1OTM0NDg3/cartoon-bitcoin-baby.jpg)
Cartoon: Bitcoin Baby
Some commentators have dismissed Bitcoin as a joke compared to blockchain technology, but Bitcoin is proving to be more resilient as a decentralized and truly novel approach to financial services.
Most blockchain implementations in the financial service industry deliver cost efficiencies, but are still permission-based, which makes them similar to other centralized technologies. However, by using Bitcoin as a base layer, new digital cash systems can be built without the risks of regulation or shutdown, delivering true independence.