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Title: Bitcoin can't die - and that's why it's the winning currency! Post by: cheefbuza on April 05, 2018, 05:14:11 AM Bitcoin is a peer to peer electronic cash system. That is what it is. Simple but people tend to make it complicated but it's not.
This protocol was made by Satoshi Nakamoto in 2009 and since then is decentralized and running through millions of computers all around the world. What is the meaning of all that? That Bitcoin can't die, the only way to kill Bitcoin is pretty much by shutting the whole internet. And if the whole internet is going down, trust me we have way bigger problems that our currency - most of the systems around the world will not work. An uncontrollable currency is one thing, but once you can't kill the currency no matter whether it's legal or illegal in any kind of country even the whole world then it is what needed for the perfect currency. Take a look at the future, bitcoin a way to store and value your wealth. It's decentralized by billions of people all around the world, whether if a poor man in Africa has 100 USD there or Bill Gates holds 10 billion dollars worth of Bitcoin they both use the same currency. And it exists for the rest of our life and no one but literally with no ownership, no one can take it away from us. Just like mathematics, if you are the government, banks system or just head of corporations you may go against this currency and make it illegal. But as long as me and you accept it as a currency between us and Bitcoin is here not going anyway then it will revolutionize and work. Money can be made, debts may be deleted, cash is burned. But Bitcoin whether it's lost or stolen, it's always here under the track. Naturally made till the maximum capacity of 21m coins and satoshis. There are plenty of disadvantages and obstacles, everyone is aware of this but eventually, Bitcoin is still very young and less than 10 years old, revolutions take way more than ten years to globalize. |