The wonderful thing about bitcoin.

in #english6 years ago

The bitcoin in addition to the monetary qualities of gold, adds other related to its nature: it can not be confiscated (unless they access your passwords), admits anonymity and can be transferred electronically.

  • Advantages of bitcoin
    Global: it does not belong to any state or government and can be used throughout the world, regardless of geographic and political barriers.

  • Oblivious to the fiduciary system: you can not create debt with it, its value does not depend on an intervention of a central bank.

  • Emission limit: the decreasing and predictable increase of the monetary mass, allows you to improve the purchasing power of users.

  • Divisible currency: currently it can be used up to 8 decimals although there is no limit so in the future more decimals could be used.
    Transactions in real time: in less than one hour the transaction can be made.

  • Irreversibility of transactions: there is no third party in the middle that can reverse a transaction. However, there are services that guard the bitcoins until the party that receives them has fulfilled its part of the agreement.

  • Impossible to falsify: as it is defined, it is not possible to build a false bitcoin or to make a double expense without the network detecting it.

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