The supremacy of bitcoin over others is already too strong to be
overcome. The so-called network effect gives an almost insurmountable advantage
to the technology that manages to reach a certain critical mass, therefore, there are many reasons to put our hopes in the attractive bitcoin.
1.Private
With bitcoin the consumer maintains the privacy of their expenses, neither the bank nor any
another agency can know who pays, neither how much nor where. In this aspect it is very
similar to cash money. This privacy may be desirable in any field,
but above all in especially personal matters such as sexuality, beliefs
or health
Extremely reliable
The bitcoin network has been running without having failed a single second since its inception
in 2009. It is made up of hundreds of millions distributed throughout the world. Although
some millions of machines will fail, the rest of the network would continue to operate with total
normal.Very flexible
The custody of bitcoins can be shared among several people, through the so-called
multifirm portfolios and shared secret algorithms. Thus,
bitcoins can be spent if everyone in a group agrees. Or if
a part of the group agrees. These mechanisms provide great flexibility and
security: it does not matter if an individual person is not available or loses their
passwords or betrays the group, because others can dispose of the bitcoins,
according to the rules that everyone agreed to initially.
4.adaptability
Bitcoin can easily adopt the possible technological improvements of other
criptodivisas, through the so-called sidechains, that is,
auxiliary block chains whose transactions have origin and destination in
transactions of the bitcoin block chain. While it is almost impossible
that no altcoin snatches bitcoin to its main advantage, which is the strength and security
contributed by its money supply and for all its years of operation
uninterrupted with full success: some ecosystem companies and some tools
developed by third parties have failed in the past, but the bitcoin network
It has never failed. Starting in 2015, the financial sector starts talking
of another variant of bitcoin technology: private block chains, where
only certain authorized bodies can participate.
5.universal
The advantages of bitcoin are inseparably linked to its universal nature,
public and distributed. If a group of financial entities wants to exchange
information and messages, technologies such as traditional databases
They are much more appropriate.
Resistant to inflation
Bitcoins are not generated by the political decision of a central bank, but by a
mathematical algorithm very precise and fully predictable. This makes it a
means of storing value, which, unlike traditional money, is not degraded by
inflation. In this sense it is very similar to gold, bitcoin is often called
Gold 2.0 In places like Europe or North America, this is convenient. But it is
even more useful in countries with very poor quality coins, for example good part
from Africa and South America.Huge potential
All kinds of contracts, agreements, obligations, annotations, certificates, etc. can
be stored in the bitcoin block chain, practically free of charge
and much safer than current systems based on authorities, notaries and registries
public or private. The possibilities offered by this technology are literally
unimaginable
dossier.bitcoin