Ninjastic
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Board Bitcoin Discussion
Re: Why Bitcoin is Different From Other Currencies?
by
DoublerHunter
on 24/05/2018, 10:46:36 UTC
Quote from: adsdas on May 24, 2018, 07:46:04 AM
Quote from: Raggie on May 24, 2018, 07:07:57 AM
Quote from: Md.Esamul Haque on October 13, 2017, 02:31:43 PM
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.

of course it is different. bitcoin is a decentralized currency, there was no decentralized currency before bitcoin.
another thing that makes bitcoin different with other currencies is, the price of bitcoin was increasing very fast through the year unlike common currencies.
If we can't control bitcoin. government can't control bitcoin then people use bitcoin for bad thing like drug, laundring money... bad side of bitcoin
That is one of the disadvantage of the decentralization. There is no control for the people on how they are going to use bitcoin and how they are going to regulate it because the government cannot make changes to bitcoin and implement some big changes to its system and we should just get used to that because even in fiat which is centralized is still used in illegal stuffs.