You are viewing a single comment's thread from:

RE: The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~

in #bitcoin6 years ago (edited)

Hello, this one is my entry
It does not belong to any condition or government and can be in use in the whole world, independently of the geographical and political barriers, it is not possible to create debt with him, his value does not depend on an intervention of a central bank, the diminishing and predictable increase of the money supply, allows him to improve the purchasing power of the users, nowadays it is possible to use even with 8 decimals though there is no limit for what in a future they might use any more decimals, in less than one hour the transaction can be realized. There is no a third party in way that could throw behind a transaction. Anyhow there exist services that the bitcoins guard until the part that receives them has expired with his part of the agreement.
As it is defined it is possible neither to construct a false bitcoin nor effect a double expense without the network detects it. No committee of "experts" controls the destination of the bitcoin. There are a few rules before fixed by the protocol designed by Satoshi Nakamoto who has to agree freely the one who wants to use the bitcoin. Nobody is forced to reveal his identity what does the specially useful bitcoin for his use in countries where they govern totalitarian rate. The bitcoin has minor costs of transaction that the utilization of credit cards, transfers or Paypal. Realizing a payment with bitcoin not wished intermediaries are eliminated.
The bitcoin relies on a strong cryptographic support that it protects it from falsifications and it is possible to guard in multiple locations simultaneously. The technology on which the protocol of the bitcoin is based is several times surer than that the banks and the credit cards use. All the transactions remain recorded in a record of free access. In view of his divisibility and his low costs of transaction it is an ideal currency to realize micropayments. For the operations in bitcoins neither schedules nor bank holidays exist. One might guard an enormous fortune in a memory USB, which can be guarded or moved without depending on third parties.