6 Reasons Why Bitcoin ₿ Has Value | D - Company

The 6 reasons why Bitcoin(₿) has value are:

i). Scarce: There will be only 21 million Bitcoin to ever exist.

Bitcoin’s algorithmically determined rate of increase certainly makes it scarce when demand for the Bitcoin cryptocurrency is rising, though not so much when it is falling. Furthermore, the fact that the algorithm provides for bitcoin’s supply to stop increasing about 120 years from now means that its supply is finite. Unless the code is changed (and that raises questions about what“Bitcoin” even means), there can never be more than 21 million Bitcoins.

ii). Transparent: You can verify from where your Bitcoin came from & where it goes.

The biggest advantage presented by bitcoin or to be more precise, the underlying block chain technology comes in the form of creating a completely transparent trading system.

The transparent nature of bitcoin and block chain technology is beneficial in so many ways to so many people. With more and more companies and developers focusing on additional uses for block-chain outside of the financial space never know what might be in store next. And if you have a good idea, why not join in, start using bitcoin, and see where it leads.

iii). Decentralized: It's core code & info are stored on multiple servers in the world.

Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a block chain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.

iv).Border Less: Bitcoin can be send worldwide in no time.

The second fundamental for 2019 is that Bitcoin is borderless. By border less I mean it is a value transfer system without national boundaries.

Hundreds of thousands and even millions of dollars in value can be transferred quickly, securely, and for pennies. This is something that can not be duplicated with fiat, or silver, gold, stamps, or gems. . . and is a fundamental intrinsic quality to bitcoin. For the first time in history individual wealth is not locked in by borders. While your physical body may not be able tyranny, your wealth can escape.

v). Freedom: Bitcoin can't be controlled by any bank or company.

Financial freedom is achieved the moment you begin acquiring Bitcoin. Immediately, you obtain digital value veritably scarce and unstop ably mobile. There are no outside entities who can lay claim to your property; there are no boundaries on the transfer of your money. Each individual reclaims their inherent right to liberty, as expressed in the Declaration of Independence, and now too expressed in the form of Bitcoin’s code.

vi). Fungible: Bitcoin is perfectly interchangeable.

Every Bitcoin has the same value as its counterpart, regardless of who owns it and what history it has. Just like one once of pure gold is always equal to another once of pure gold. No matter what happens, one Bitcoin remains a symbol of value interchangeable with another Bitcoin.