Why Bitcoin is Different From Other Currencies? - page 34.

J Gambler

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

Bitcoin is a cryptocurrency and they all have that one thing that makes them different from all other cryptocurrencies. First is that it runs digitally and electronically and also that it is not printed like regular money do. It is also important to note that cryptocurrency is new and an unknown to most people

Semar Mesem

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I do not think bitcoin is a currency, if the currency would need a central bank to control, but bitcoin is decentralized so it's more appropriate to say commodities.

entropy0

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Que sera sera

it's a good question. why use bitcoin, over the 1000s of other cryptos.

tranthuthuayhrng

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Theo trang Qz.com, Satoshi Nakamoto được cho là sở hữu 980.000 đồng bitcoin – con số tích lũy khổng lồ nhờ đào bitcoin từ những ngày đầu tiên

treather

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Bitcoin is everything Fiat is not. The value is dictated strictly by market forces and not government manipulation. It also doubles as a currency and an asset.

bozo333

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Quote from: ivrynx on October 30, 2017, 12:55:52 AM

first, bitcoin is created using block chain technology, and already it had a value, we can compare the value of bitcoin to other fiat currencies, by exchanging bitcoin to fiat, however fiat's value overtime decreases, and this is true whenever you check out fiat's buying power, however, for bitcoin, the value increases, thus the buying power is also on the rise. second, bitcoin is not just a currency, bitcoin is also considered an asset, it is being compared to gold, since bitcoin's value is now over the value of gold, and bitcoin seems to be having the same path as gold did. third, bitcoin can replace all fiat currencies, be it the dollar or euro, since bitcoin can be converted to any fiat, i think it will be much practical to use bitcoin, than converting it to fiat. there are a lot more differences between bitcoin and other currencies, there are my top three reasons, why i chose bitcoin.

Bitcoin is the digital currency it will use to all transaction. It will use to all country and you will easy to change the bitcoin. it future improvement and get the profit and save the bitcoin for future growth and business investment. People learn more information for the future country growth and economy it will growth. So it good to use bitcoin prices is change day by day, But currency prices not change. it differ witch all country currency. Bitcoin is save to all country it will change same prices.

azhar700

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Bitcoin is the currency of digital / electronics, bitcoin does not have a physical while the currency in a country has a physical form of metal and paper.
Bitcoin can not be controlled by a government, while the currency in general can be controlled by the government.
The advantage of bitcoin for me is,
bitcoin is not just a currency, but bitcoin can be used as an investment like gold, maybe even the price now exceeds the price of gold. Though at risk, but in fact many people are already taking steps to invest in bitcoin

ivrynx

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first, bitcoin is created using block chain technology, and already it had a value, we can compare the value of bitcoin to other fiat currencies, by exchanging bitcoin to fiat, however fiat's value overtime decreases, and this is true whenever you check out fiat's buying power, however, for bitcoin, the value increases, thus the buying power is also on the rise. second, bitcoin is not just a currency, bitcoin is also considered an asset, it is being compared to gold, since bitcoin's value is now over the value of gold, and bitcoin seems to be having the same path as gold did. third, bitcoin can replace all fiat currencies, be it the dollar or euro, since bitcoin can be converted to any fiat, i think it will be much practical to use bitcoin, than converting it to fiat. there are a lot more differences between bitcoin and other currencies, there are my top three reasons, why i chose bitcoin.

Yuhee

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Quote from: Restmand on October 29, 2017, 11:34:04 PM

Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

There's a big difference in the other currency if you compare to the bitcoin.because first bitcoin is easy to trade and access if you have an internet and to clarify it the bitcoin is first when fasting transaction are talk about.and because of it digital currency its hard to duplicate or copy and print it because of it. And unlike the dollars and ueros and ohter currencies that quite slow to trade .and most of all. No one control the bitcoin .

It's just not it was 1st but because their are already many miners than any other cryptocurrency out there. Also bitcoin may be just regular coin but it has become famous among countries and businessmen. As a matter of fact, btc and other crypto are just the same and the only advantage of bitcoin are the influence and techs made only for the purpose of mining it.

Restmand

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

There's a big difference in the other currency if you compare to the bitcoin.because first bitcoin is easy to trade and access if you have an internet and to clarify it the bitcoin is first when fasting transaction are talk about.and because of it digital currency its hard to duplicate or copy and print it because of it. And unlike the dollars and ueros and ohter currencies that quite slow to trade .and most of all. No one control the bitcoin .

Funeral Wreaths

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Quote from: Caelanpelley on October 29, 2017, 10:27:01 AM

Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

It is easy to see that bitcoins are used on the internet, while other currencies are traded directly. The difference is that bitcoins are high in value and always oscillate, while other currencies have steady prices.

yes i prefer that bitcoin is intended for digital usage, and that was also one of its characteristics that made it unique. It also has benefits by holding unto them, and much more the user or the holder doesn't need to expose his assets and being asked or taxes.

blackr15

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because bitcoin is the virtual currency / digital currency. the currency is sophisticated and has a good system. so many are interested because the price is very high ...

for that I will survive in bitcoin in order for me to succeed

...

Pixyoxx

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Bitcoin is a very unique concept formulated in 2009. Who exactly founded it is unknown, yet we refer its creator with a name Satoshi Nakamoto. It is different from any other currency due to various reasons. Some are :-

i) It is decentralized, i.e. no one controls it. There isnt any central agency to keep a check over it.
ii) It cannot be duplicated or doped. It is electronically created only after solving of large hectic mathematical algorithmic problems, which require special
asics computer.
iii) It will never cause inflation on its own because it will be created in a limited amount i.e. total of a 21 million bitcoins will be created and after that its mining will not be possible.
iv) 1 BTC can be further divided in 8 decimal places which will be useful because of it being limited. This decimal place of 8 can be further increased in future if a requirement arises.

Thus because of these points and its huge huge popularity among users, bitcoin is different than any other traditional paper money.

Caelanpelley

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

It is easy to see that bitcoins are used on the internet, while other currencies are traded directly. The difference is that bitcoins are high in value and always oscillate, while other currencies have steady prices.

coinjack1337

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It's different becaue People don't use it, they just kepp it to get rich Grin

quocsi

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What makes bitcoin different from other currencies is that bitcoin is very safe and it is not even managed by anyone else.

Faith Joy

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Quote from: iamTom123 on October 20, 2017, 12:24:25 AM

There are so many things we can say all positive about Bitcoin in particular and even with cryptocurrency in general. Bitcoin is representing the technological revolution called Blockchain Technology or Distributed ledger technology where no one is centrally controlling anything so it is safe from possible control and hacking. Bitcoin has been accepted by critical mass of people all over the world because they are seeing something appreciative about it and they see its potential to change or partly change and improve human lives (starting with finance and into other areas of humanity's experience as well).

While many governments and even individuals have been calling Bitcoin as just another fraud or even worse as another form of a pyramid scheme, they never succeeded in dampening the interest and enthusiasm shown by the market for Bitcoin. I would say that the more some people are criticizing Bitcoin, the more it is surging in value all because the market now realizes who is telling the truth and who are just hyping to protect their own industry and interest.

Will Bitcoin stay for a lifetime? That is something we have to see and experience as years go by.

Bitcoin is quite different to other currencies. Bitcoin is unique because it cannot be forged or duplicated. The reason is you just need more than half computing power that it is used today for transacting bitcoins which is impossible because the resources needed for this is very high. Bitcoin value increases rapidly unlike others.

Sskapollo7

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Hmm yes it is different from other currencies when compared , as they cannot be rugged or can be made duplicate it is a different path to other countries as it is a virtual currency it totally different from other currencies cause of the algorithm it uses to secure it's network

specsmuluk

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why Bitcoin In contrast to other currencies, because bitcoin is a virtual currency, so bitcoin is somewhat different, bitcoin is now a lot of users and devotees because bitcoin prices are now very high ...

Xenrise

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This is just because bitcoin is a special cryptocurrency and it is trusted by many people. And it is the most decentralized crptocurrency. And the most promising one, because of big pumps and every benefits it gives.

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