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« on: June 21, 2017, 02:20:23 AM »
There is some interesting information:
"Bitcoin is a better store of value for the following reasons.
1. Bitcoin is decentralized. Martin and many others consider this the most important characteristic of bitcoin. No central power controls bitcoin. Central banks could indirectly manipulate cryptocurrencies by creating derivatives and exchange traded funds based on those cryptocurrencies. But this will not change bitcoin’s underlying store of value.
Should central banks create derivatives based on bitcoin, Martin encourages people to buy bitcoin directly. Banks cannot manipulate what they don’t control.
2. Bitcoin’s supply is limited. There will only be 21 million bitcoins created, and 80% of this number has already been created. The more funds invested in bitcoin, the greater the value of each bitcoin. Other blockchain currencies could affect bitcoin’s value, but all the other cryptocurrencies combined are not yet equal to bitcoin’s market value. In addition, those cryptocurrencies that don’t have limited supply will not hold their value.
3. Bitcoin is secure. Encryption and decentralization make it so. It can be stored in cyber “vaults,” where owners keep a hard copy of the encryption cipher. While a bitcoin exchange and a computer can be hacked, bitcoin that is in a “vault” will not reside in the exchange or the computer, and only the owner has the code to access the stored bitcoin. No one can confiscate it.
4. Bitcoin transactions are stored on a public ledger that lists all confirmed transactions. Decentralized bookkeeping is more secure than centralized ledgers."