100 reasons why bitcoin is the best currency today

[Ecurb123]

Lets make a list of the top 100 reasons bitcoin is the best currency today. Then when someone asks "what makes bitcoin better than the X", we can point them here.



1. No central authority
2. It's nearly untrackable
3. Created by the people
4. Very low transfer fees
5. No inflation
6. Fully open source
7. predictable amount of coins in circulation at any give time.
8. honest
9. no charge backs
10. It will be worth more later then the day you purchased it
11. Large, active and supportive community
12. Drug purchases made safe
13. Easy access
14. Not bound by boarders
15. The creator(s) is(are) anonymous
16. simple!
17. Sexy
18. Earlier LTC, NMC, ....
19. Can be used to transmit messages.
20. Not controlled by corrupted people.
21. No ID required
22. Fast and free (Almost free Grin) *Worldwide* Transfers  
23. Voluntary participation. No "must be accepted for all payments..." laws.
24. You can transfer it over the Internet.
25. Huge amounts of constant innovation
26. Perfect for online gambling
27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
28. It's a great way for people to learn more about free and open source software!
29. Fractional to 8 places after the decimal
30. Bitcoin is the most track-able currency to ever grace the planet. You just can't reveal who owns what address.
31. You can loan only Bitcoins you really have
32. Can be used as proof of ownership for other items
33. Can bring the evil ship of US down which in turn would lead to less expensive lifestyle around the globe.
34. Able to make anonymous donations to charities such as Wikileaks.
35. Gets the developer geeks thinking about economics
36. Allows everyone the same ability to buy and sell, regardless of if they are rich or poor
37. Each person can have nearly an unlimited number of accounts
38. The government cannot easily confiscate/freeze your funds!
39. It's completely unbiased on age. A seven year old can use bitcoin the same as someone 100
40. Because of the divisibility, it's great for donations
41. There is cool live data on all the transactions on the network
42. No known uses to fund war
43. Favourable to evade criminals and thieves 
44. No law mandating the technical implementation

[vendetahome]

1. No central authority

[renaxi]

2: It's nearly untrackable

[Ecurb123]

Created by the people

[Ecurb123]

Very low transfer fees

[renaxi]

5: No inflation

[MicroGuy]

How is this thread off-topic? Lol

[Ecurb123]

How is this thread off-topic? Lol

Because I didn't know where else to put it

[Ecurb123]

6. Fully open source

[BitCloud]

- predictable amount of coins in circulation at any give time.

[FirstAscent]

- predictable amount of coins in circulation at any give time.

Incorrect. There is no way of ever knowing which coins are lost, and which coins are being horded. That uncertainty will only rise with time.

[FirstAscent]

2: It's nearly untrackable

In many ways, just the opposite.

[Ecurb123]

9. no charge backs

[Kiki112]

9. no charge backs

depends on which side you are, this isn't good for everyone

10. It will be worth more later then the day you purchased it

[beetcoin]

okay, people might not be happy with me saying this.. but bitcoin is inherently a deflationary asset... which means value should continue to rise. the problem with that is not enough money is going to be encouraged for spending, which makes it a bad "currency." i'm not saying that it's not a currency, all im saying is that it's a quasi currency.. it can be spent to purchase goods, but it does not have all the qualities that are required to be considered a true "standalone currency."

[Mike Christ]

okay, people might not be happy with me saying this.. but bitcoin is inherently a deflationary asset... which means value should continue to rise. the problem with that is not enough money is going to be encouraged for spending, which makes it a bad "currency." i'm not saying that it's not a currency, all im saying is that it's a quasi currency.. it can be spent to purchase goods, but it does not have all the qualities that are required to be considered a true "standalone currency."

This is only bad if you hold a lot of wealth

[Ecurb123]

9. no charge backs

depends on which side you are, this isn't good for everyone

10. It will be worth more later then the day you purchased it

I call it good for everyone, because it's understood from the start that there is no getting your money back, so the person giving the money has to take that into consideration when making the deal, the risk vs reward. The reason I posit this point is because in the current system you often times don't know what will happen, maybe money back, maybe not.

[Ecurb123]

11. Large, active and supportive community

[monbux]

12. drug laundering made easy!  Drug purchases made safe!

[BTC_GHD]

13. Easy access