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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4536 times)
AH_Robin
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March 24, 2018, 09:05:30 PM
 #261

bitcoin is an intense cash that I know and unique in relation to paper or metal monetary standards, with the estimation of bitcoin that is never steady and not subject to swelling, its esteem is likewise restricted in the entire world is accessible just 21 million, making the cost of bitcoin took off ascending in value, which has no physical shape like cash in a nation an unknown bitcoin that must be utilized over the web arrange. furthermore, acquired through mining with PC innovation hardware Smiley
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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P60
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May 13, 2018, 08:40:34 PM
 #262

Since then, Bitcoin is really different from other currencies. If you will have a comparisons about their value, you could see tgat bitcoin is the most valuable one, hence, it became the factor why Bitcoin is different from others.

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May 13, 2018, 08:44:17 PM
 #263

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Bitcoin in fact was literally different from the other existing currencies because of its form which is on digital form which makes it a lot more easy to use but also a little bit hard to earn if you will just be sticking into one way of obtaining it. Unlike the other existing currencies, Bitcoin was apart from the government that makes it dencentralized that no one gradually manipulates it and allow only thr main user to access his own coins with the help of its transparency features that let its users to intentionally see and monitor the changes from their original holdings. Bitcoin was bit that different from other cryptocurrencies because it can be easily used for global transactions in which it goes beyond boundaries since it was a currency of its own, it does not to be converted into the regular currency before you can receive it. It is also widely flexible because it can be exchanged into different existing currency value because it do have its own price value in different currency.
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May 13, 2018, 08:49:19 PM
 #264

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Bitcoin will last a very long time while the system needs in his. I think that this will not last forever because technologies change

Jupeter
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May 13, 2018, 08:50:18 PM
 #265

Electronic currency, such as bitcoin, differs significantly from other methods of electronic payments and from cash resources by the availability and breadth of distribution, the simplicity and openness of all settlement transactions.


Bitcoin is different from other currencies because bitcoin is the best cryptocurrency and we all know that bitcoin popularity is more good rather than the other currencies and bitcoin price can be more high than the other crypto.

AniviaBtc
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May 13, 2018, 08:53:29 PM
 #266

Bitcoin is also cannot duplicate by the others currencies, and it is also the only one digital coin that has a valuable price. Like what you've said, Bitcoin is made and running by the computer, so it will never end or die.

YED
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May 13, 2018, 10:15:36 PM
 #267

Bitcoin is different in many ways from the normal currency that we’ve been accustomed to, but it is quite essential for our world to technologically advance in a progressive manner..It  is different from a Fiat Currency in numerous ways:
Bitcoin has no central authority, unlike other currencies which are backed by the government.
Bitcoin transactions are immutable, whereas the majority of digital records can be duplicated.
hannahwaston96
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May 15, 2018, 10:14:13 AM
 #268

Although there are some differences between Bitcoin and other cryptocurrencies about blocktime, algorithm, etc, Bitcoin is foundation for creating other virtual currencies.
DoublerHunter
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May 15, 2018, 11:56:29 AM
 #269

Bitcoin is the original cryptocurrency because it is the very first cryptocurrency in the market and all of the other cryptocurrencies that you might see in the internet is just a copy of bitcoin's idea to make a digital money that could solve almost all the common problems that we are facing right now and that originality makes bitcoin different compare to others.
Geljames28
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May 15, 2018, 11:58:31 AM
 #270

Bitcoin is different from other cryptocurrencies because bitcoin was the first cryptocurrency, that's why bitcoin becomes more popular,  bitcoin also is the most sure investment when it comes to cryptocurrency, and also one of the main features that significantly distinguishes bitcoin among other cryptocurrencies is because it has high vote of confidence.
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May 15, 2018, 12:01:44 PM
 #271

I can say: this bitcoin is not a currency. because there is no significant effect of bitcoin prices on the price of basic ingredients as well as economic sustainability. bitcoin determines its own value and has no effect on inflation as well as deflation. bitcoin can be called a digital asset.
bungutko
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May 15, 2018, 12:17:40 PM
 #272

I think why bitcoin is different form the other coins is that bitcoin is the 1st and original cryptocurrency that had ever achieved the highest value ever happen in the history of cryptocurrency reaching as high as nearly $20K USD last Q4 of 2017. Every altcoins were mostly dependent of the bitcoin market where it is the baseline duirng there is dip and increase in the price value.
jonhsongotti
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May 15, 2018, 12:24:54 PM
 #273

BTC is the first and most widely used cryptocurrency type. BITCOIN is unique because it is not forged or duplicated. One of the most obvious differences is that Btc is not controlled by anyone, any government.
agimat
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May 15, 2018, 12:28:36 PM
 #274

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

Yes its very different compare to other currencies, bitcoin is in digital currency you can never fake this kind of currency unlike the other what we are usually used is through printing many people can fake that kind of currency.
mc.craigsvictor
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May 15, 2018, 12:54:49 PM
 #275

Dont compare btc against fiat money . btc price always ups and down but fiat always stable not too much ups down thats why btc different other Currencies
bmirror83
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May 15, 2018, 01:01:13 PM
 #276

It is a very strong convertable coin between platforms. Also, I see it as a model for other coins because it created a new era for crypto currencies and i strongly believe that it will always stay as a very powerful model for them.
Si nenglon
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May 15, 2018, 01:07:07 PM
 #277

I think because of the unique and very straightforward and can not be forged or duplicated her by parties that we do not want to. The reason is that You need more than half the computing power used today for the bitcoin transactions are not possible because the necessary resources for this are very high. Anonymous bitcoin unlike other local currencies. Its value can be increased exponentially compared to the local currency which we used until now is gan.
Lhanofclover
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May 15, 2018, 01:09:23 PM
 #278

Well I think btc is different because this is the currency that has safe transaction also i think first cryptocurrency the proof hiw powerful the technologies.
Nyenyepogi
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May 15, 2018, 01:20:43 PM
 #279

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Bitcoin is unique because of the blockchain technology, it has a decentralize form which means no authority involved in every transaction we made, we can send bitcoin anytime anywhere as long as we have internet connection and it is very attractive to everyone because there are many proofs that bitcoin can makes us a millionaire.
basyang
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May 15, 2018, 01:24:41 PM
 #280

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

I am agree of what you state above. It's difference between other existing currency is bitcoin is cryptocurrency and it will only earn when you have an internet. It is also digital money, you can not touch it or smell it like other coins in many countries. Bitcoin is also not controlled by the government and it can not dictated when will its price become high or dropping down. And as time goes by the value of bitcoin will be higher. And it can used to invest in some projects inside the internet. And bitcoin has valuable compare to physical money. How lucky we are to discover bitcoin and it is also our source income.



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