5 Reasons Bitcoin will Change the World Forever

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5.Limited Supply: There 21 million bitcoins available total. There are currently about 16 million in circulation and the issuance of new coins will completely seize in 2140. By the law of supply and demand this creates upward pressure on the price. Real estate is a finite tangible asset and bitcoin is a finite virtual asset.

4.Peer to Peer (P2P) Transactions: On the Bitcoin network, users interact directly with each other. There is no middle man involved. This is completely different than modern day financial transactions that typically involve multiple middle men and clearing houses behind the scenes. This translates into censorship proof transactions at lower costs. Markets move towards efficiency and this P2P method is significantly more efficient than traditional banking under the hood.

3.Highest Level of Security: A decentralized ledger showing all transactions is replicated to every computer node on the Bitcoin network at the speed of light the moment a new transaction takes place. This ledger is referred to as the Blockchain. Because the blockchain is decentralized and maintained by all computer nodes on the network there is no central point of attack, no centralized place to steal from. To create a fraudulent transaction on the network a thief would need to control at least 51% of all the computing power in the entire network. From a practicality standpoint, this is impossible. This is infinitely more secure than the traditional financial markets.

2.Instant Transactions: Transactions initiate within seconds. The transaction is verified anywhere between 10 minutes and a couple of hours. There is no limit to the dollar amount transferred. While scaling for mass adoption has been a hot button topic of late this is no different than the scaling difficulties of all other technology inventions like scaling the internet, video streaming, etc.

1.Censorship Free: Because Bitcoin is a Peer to Peer transaction there is no one who can stop you from transacting. While world governments could make Bitcoin illegal in the law of their land there would be no practical way to stop the transactions other than shutting down the entire internet in the country. Bitcoin transactions are completely permission-less. It does not matter the time of day, weekend, holiday, the network is open around the clock 365 days a year. There is no geographic region on the planet it cannot be transferred to. If you would like to send $10 million USD worth of Bitcoin to someone in China or Russia on Christmas day at 2AM, no one can stop you. The network is truly permission less.

Markets move towards efficiency. Cryptocurrencies are dramatically more efficient than our traditional banking system. The growth of Cryptocurrencies and the death of the traditional financial system will accelerate at an exponential rate over the coming years.

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