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Author Topic: What's makes Bitcoin so special  (Read 819 times)
Anayochukwu
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August 31, 2026, 10:59:57 PM
 #81

The fact that it is a decentralized currency makes it very special for me , everyone knows that our regular physical currency can be very frustrating and annoying to access because everything is monitored and controlled by the higher authority even without your permission and they deduct from it as it pleases them but Bitcoin gives you the freedom to control your money without fear of anyone invading your privacy. Bank are so unreliable especially because you have no control of what might happen to your money saved in the Bank and yes the security system makes it even more special because there are no third parties.

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August 31, 2026, 11:04:46 PM
 #82

Simply check the down time of Bitcoin's network and you'd be impressed especially the new ones, they probably haven't seen it yet that its network has been running 99.99% since then. While the other chains from altcoins say that they're better and more secured yet, have experienced a lot of outage overall its operation and since then its network had ran.

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August 31, 2026, 11:31:48 PM
 #83

FTFY.

It's true, that Bitcoin is scarce and that makes it a valuable asset and not everyone is going to have it.

With its limited supply, not all the people of the world will have a single piece of it. Although each of us can have a few of it in fraction.
Confusing, what does FTFY mean?

Bitcoin is for anyone but not for everyone. Anyone can decide to use Bitcoin, but we can't have everyone in the market.

Even gold, which has long existed before Bitcoin with an unlimited supply, not everyone picked up interest. It won't be any different for Bitcoin, not everyone will accept Bitcoin, we still have strong haters to deal with.
FTFY means fixed that for you.

I agree with what you have said and that's applicable to every asset. It is for anyone but investing doesn't suit for everyone.

And even bitcoin's existence now has been proven to be a profitable asset, haters gonna hate and it's either those who truly hate it forever and those who hates it for not entering quite early.

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August 31, 2026, 11:56:59 PM
 #84

The fact that it is a decentralized currency makes it very special for me , everyone knows that our regular physical currency can be very frustrating and annoying to access because everything is monitored and controlled by the higher authority even without your permission and they deduct from it as it pleases them but Bitcoin gives you the freedom to control your money without fear of anyone invading your privacy. Bank are so unreliable especially because you have no control of what might happen to your money saved in the Bank and yes the security system makes it even more special because there are no third parties.
The difference between Bitcoin and printing money is that the supply of Bitcoin is limited and no one can increase it if they want, but if they want paper money, a country can increase the supply by printing new ones. Here, the control of Bitcoin is not in the hands of any third party, but since the control of paper money is in the hands of a third party, the supply keeps increasing constantly. Now, if we compare the inflation of Bitcoin and paper money, then I would say that Bitcoin does not have inflation, but paper money has a constant inflation. This main difference is what sets Bitcoin apart from other assets and makes it unique.











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August 31, 2026, 11:59:23 PM
 #85

Bitcoin remains only the trusted digital currency that has come to shaping the economy financially to make livelihood easier through arresting the ongoing high inflation that makes it serve as an edge of inflation which is now producing good results.

Bitcoin stands out other currency because of the avoidance of third party which makes it difficult for any one to control or pocket it has a personal currency which has helped to prevent corruption in the system.
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Today at 05:45:04 AM
 #86

Very simple, and a real security check it is. You know, sometimes, misinformation can be a problem, or when people misinterpret  an information. The OP sounded like, once you own Bitcoin, you are very much safe from anything called theft or scam, which is totally wrong. I understand that he is painting the picture that with Bitcoin, there is no interference from a third party or any other body, and that you are in charge, yea, but like you reminded him, the owner still has a lot of work to be done. Not your keys, not you coins, simply demonstrates that, he who has the seed phrase is the only one with the access to the coins, thus, you must always be active and protecting your coins, else, scammers may take them away.
Yes, this is why it is very important to write accurately as much as possible. Sometimes people have good ideas and are thinking the right thing, but then they write it in the wrong way and it delivers a completely different meaning. Users must be reminded to spend more time reading what they wrote before it is submitted. I said it already, he may have tried to write something about the double spending problem which is what Bitcoin has solved and it has eliminated this kind of scam even if there are many other types.

Bitcoin is the digital currency that just works, I mean not just working like others who are also categorised as digital currency, Bitcoin has the lowest volatility compare to others, I can say that Bitcoin is them boss, all of them alternatives, noting comes close, and also Bitcoin is the first decentralised innovation that works too, both online and offline, there is no where else you can find something that's true decentralised without the centralised authority getting rid of it, Bitcoin is the first that works in that aspect.
This is a very wrong way to put it. Almost all other digital currencies also just work, there is nothing helpful or interesting in a description of something as it just works. You are making something very complicated into a very simple description, which can reduce the value of the difficulties and efforts that are put into the project to make it work. Bitcoin is not just something that works all the time on its own, there are great people who are constantly looking for issues and trying to improve it, discovering attacks and trying to prevent them.

The absolute biggest deal is the fixed 21 million supply cap. You can't just print more out of thin air when the economy gets rough, which is exactly what central banks do with fiat.

That mathematical scarcity combined with self-custody is what makes it irreplaceable. It's a great feeling knowing nobody can just freeze your wallet or dilute your stash.
We need to be very careful to preserve it. Every now and then someone comes with some kind of idea of adding more supply for this or that claimed good reason. It is never a good reason, and should be only considered in a question of life or death for Bitcoin. Even in that case I am not very comfortable with considering it.


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hedgeh0g
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Today at 06:39:30 AM
 #87

Everyday as I wake up I find Bitcoin so interesting and so special to me.

I study everyday and keep finding the benefits in Bitcoin, this makes me to understand that Bitcoin is the first decentralized borderless digital money that functions massively without the control of the government or bank.

I came to realize that Bitcoin is a combination of  several properties that helps the system.

I came to understand that  any individual who has good Internet connection can possibly send and receive Bitcoin without stress or finding bank for approval due to one's transactions.

The Bitcoin security is reliable and  well secure,  protecting your money from scam and fraud that's why you key phrase belongs to you alone rather than replying on bank

Bitcoin is globally verify worldwide, approved for all transactions without doubt of scammers.


Bitcoin is so special today because of this features below
* Self withholding without operating on central authority.
* Security system
* Transparency rules
* Hard to censor

What really makes Bitcoin so special is that it creates scare digital money without a central authority to give order.

Bitcoin is truly a powerful combination of several useful qualities that are interesting from the perspective of ordinary practice, because if Bitcoin weren’t practical, it would have been dead long ago - nothing can survive on enthusiasm alone.
So, Bitcoin is an excellent means of storing and transferring your assets, and it can be done anywhere in the world and without intermediaries, and that’s great, especially under sanctions or when the state you live in is overly concerned with control, trying to completely absorb all your freedom. Bitcoin and blockchain are also technically very interesting, as they represent an incomparable technology that is fascinating in terms of its underlying ideas and the fact that it cannot be hacked or controlled due to its decentralized nature.

 
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Rabata
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Today at 07:11:31 AM
 #88

The Bitcoin security is reliable and  well secure,  protecting your money from scam and fraud that's why you key phrase belongs to you alone rather than replying on bank

Bitcoin is globally verify worldwide, approved for all transactions without doubt of scammers.


Bitcoin is so special today because of this features below
* Self withholding without operating on central authority.
* Security system
* Transparency rules
* Hard to censor

What really makes Bitcoin so special is that it creates scare digital money without a central authority to give order.
Bitcoin is not only for a single feature but its multiple features have made it widely accepted by everyone. It is a decentralized currency with a limited supply. Through this, every transaction is verifiable, so no one can take it under their control even if they want. It would be wrong to say that using Bitcoin does not make anyone 100% safe because many people can fall victim to scams even using this protocol. If you are a common mistake or a victim of a scam attack, Bitcoin is not responsible for it. However, those who use it and are properly vigilant about security issues will definitely benefit from using Bitcoin.

Bitcoin will not accept the responsibility of those who make mistakes in their private key or seed phrase while holding Bitcoin, which is the responsibility of the user himself. However, considering all the factors, it can be said that it is a currency that is not controlled by any individual or any central authority. No government or other party can increase its supply at will. Unlike conventional finance, Bitcoin can be considered a transparent, verifiable financial structure.

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Today at 07:48:46 AM
 #89

Bitcoin works well for me because it is politically neutral. No global conflict can simply drag it along and make it unacceptable to use. It has a fixed supply, and no one can simply print more of it like fiat money. It is also relatively predictable, which helps reduce the stress associated with sharp price drops and the uncertainty of not knowing what might happen next. Bitcoin has its own cycle that it has historically followed quite consistently. For me, it is understandable and relatively predictable in its behavior, and that gives me confidence and makes me trust it.

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Today at 07:56:37 AM
 #90

Bitcoin will not accept the responsibility of those who make mistakes in their private key or seed phrase while holding Bitcoin, which is the responsibility of the user himself. However, considering all the factors, it can be said that it is a currency that is not controlled by any individual or any central authority. No government or other party can increase its supply at will. Unlike conventional finance, Bitcoin can be considered a transparent, verifiable financial structure.
This is what makes Bitcoin even better and special. Gold, silver and other assets that no one can control are all special, but they can all be seen from a real perspective. But among all of them, Bitcoin is the only digital asset that we believe in because it is decentralized because no one can control it. But there are some things that can move the market up and down but do not have much weight, like when whales buy a large number of Bitcoin, the market price increases, and similarly when they sell it in large numbers, the market price falls. Its effect is not much, but still the outflow or inflow of some Bitcoin affects the price. If this government had run, just as people are losing faith in the dollar, Bitcoin would not have had that strength. Therefore, Bitcoin was free from everyone and was saved from being controlled by anyone, and this is the biggest speciality for Bitcoin.

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Today at 08:30:42 AM
 #91

Bitcoin works well for me because it is politically neutral. No global conflict can simply drag it along and make it unacceptable to use. It has a fixed supply, and no one can simply print more of it like fiat money. It is also relatively predictable, which helps reduce the stress associated with sharp price drops and the uncertainty of not knowing what might happen next. Bitcoin has its own cycle that it has historically followed quite consistently. For me, it is understandable and relatively predictable in its behavior, and that gives me confidence and makes me trust it.

Bitcoin has alot of reasons it is very special and different from the very numerous currencies we have already existing. Alot has been said already about the uniqueness of Bitcoin, however I want to also express my satisfaction that bitcoin cannot be controlled by any single entity, and as a result,  has deprived hungry politicians from having the authority to create more bitcoins or reduce the total number of bitcoins  created by Satoshi.

With this and with how devalued fiat is, true people who are enthusiastic about Bitcoin now have a very reliable option that can hedge against inflation. Apart from the traditional stores of value that can be controlled by the government, bitcoiners enjoy owning a store of value which is controlled by no one, except they choose to store their bitcoins with third party platforms.

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SeriouslyGiveaway
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Today at 09:05:11 AM
 #92

Bitcoin has alot of reasons it is very special and different from the very numerous currencies we have already existing. Alot has been said already about the uniqueness of Bitcoin, however I want to also express my satisfaction that bitcoin cannot be controlled by any single entity, and as a result,  has deprived hungry politicians from having the authority to create more bitcoins or reduce the total number of bitcoins  created by Satoshi.
Technically it's possible to increase Bitcoin total supply or reduce it but it is hard because needs a consensus in Bitcoin community similarly to Bitcoin hardforks or softforks.

Increasing the total supply of Bitcoin is the need of Bitcoin outsiders or anti-Bitcoin people while Bitcoiners who actually have bitcoins don't need that. Because it will only destroy Bitcoin, belief in Bitcoin will lose, and its value then price will lose too. Decreasing the total supply is possible too but it will raise a concern that if it is doable, there will be further changes in total supplies in the future, and the consequence will be the same: fear, uncertain, panic while value and price will be lost.

Can Bitcoin's hard cap of 21 million be changed?

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Today at 10:05:23 AM
 #93

The fact that it is a decentralized currency makes it very special for me , everyone knows that our regular physical currency can be very frustrating and annoying to access because everything is monitored and controlled by the higher authority even without your permission and they deduct from it as it pleases them but Bitcoin gives you the freedom to control your money without fear of anyone invading your privacy. Bank are so unreliable especially because you have no control of what might happen to your money saved in the Bank and yes the security system makes it even more special because there are no third parties.

What makes it a currency? Is it used day to day by the general public? The economics are misaligned for actual usage, which is why there was a rebrand towards digital gold, but it doesn't really act like gold in any way either.
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