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Author Topic: Bitcoin is unique to man.  (Read 838 times)
Smartprofit
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November 10, 2020, 06:42:42 AM
 #81

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .In our world today a Bitcoiner  is a great investor and has good savings without no limit.

Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving). I have no doubt that with these uniqueness the future of bitcoin is bright and promising for those who puts interest in it.



Yes that's right.

The concept of Bitcoin is very revolutionary.  Satoshi Nakamoto created a currency that does not need intermediaries. 

Miners support the Bitcoin network.  At the same time, the goal of miners is to make a profit.  Satoshi Nakamoto was a realist.  He created a system in which each participant seeks to make a profit.  Miners receive profits in the form of mined bitcoins as well as commissions.  Investors make a profit in the form of an increase in the value of the asset (Bitcoin is a deflationary asset. Its value is constantly increasing). 

In the past, gold was such an asset.  However, over time, Wall Street dealers and national governments began to control the price of gold. 

At the same time, Bitcoin is more convenient than gold.  It is more convenient to store it.  Easier to make a transaction.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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December 01, 2020, 07:23:27 PM
 #82

Everyone who values privacy definitely would value Decentralization and as such would value Bitcoin. Especially with the fact that, it is universal in it's nature and can be used in approved areas for trade and amongst fellow crypto or bitcoin enthusiast. Bitcoin offers you privacy and control of your affairs at any point from the comfort of your domain and as such, your bound to work with a platform that offers desired service.
No doubt, it would continue to be fought against by nations who wish to generate revenue from individual transactions but, it would be a sabotage on all that we enjoy so, guide it with care.

R


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December 01, 2020, 08:12:27 PM
 #83

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .In our world today a Bitcoiner  is a great investor and has good savings without no limit.

Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving). I have no doubt that with these uniqueness the future of bitcoin is bright and promising for those who puts interest in it.



Agree with you that Bitcoin is s unique creation of this century, historically it is of great value. Even in case Bitcoin someday will be only like a memory for the humanity, but I hope it will never happen. But at least it laid the foundation for our future and for digitalized world. Even nowadays we see how fast our humanity is developing in this direction, and after even 5-7 years we will not see old servuces and systems and Bitcoin as one of the founders played a very big role in this.
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