Topic: 5 WAYS BITCOIN HAS ALREADY CHANGED MONEY FOREVER (Read 115 times)

Bıtcoın has made currency decentralızed that means that ıt ıs not ın control of any governmental central bank to supply and decıde ıts value. Also, bıtcoın has developed ıts blockchaın network whıch records all transactıons, advances ın securıty, avoıdıng relıance on fıat money and fast processıng are among other reasons.

1.) DIGITALLY DURABLE."
      It is designed so that only the person who knows
      private key controls the bitcoin associated with a
      given public (key) address.

2.) PORTABLE, SENDABLE."
      Remember that trillion dollars you hold in bitcoin?
      Well, you can send half of it, for example, to someone
      else on the other side of the globe in minutes, just like
      an email. This is something that was never done
      before so seamlessly and without a middleman.

3.) HIGHLY DIVISIBLE."
      The ‘satoshi’ is currently the smallest unit of the
      bitcoin currency recorded on the blockchain. It is one
      hundred millionth of a single bitcoin (0.00000001 BTC)
      or $0.00006386 USD at current prices.

4.) DIGITALLY SCARCE."
      Bitcoin introduced something that has never existed
      before: the concept of digital scarcity. For example,
      while most US dollars today come in digital form,
      more is always created – something that has
      ballooned the US national debt to over $20 trillion.

5.) DECENTRALIZED & APOLITICAL."
      This is probably the most important concept
      introduced by Bitcoin. Whether its a soccer mom or a
      terrorist, Bitcoin doesn’t care who uses it. It’s simply a
      technology – a protocol – for transferring and storing
      value just like the Internet is for transferring and
      storing data.