WHY DO PEOPLE TRUST BITCOIN

in bitcoin •  7 years ago 

The Bitcoin is the most popular platform in the crypto community. It topped all other cryptocurrencies on CoinMarketCap as at Monday January 24, 2018 ( weisis ratings)
bitcoin-2007769_1920.jpg

Why so much trust on the Bitcoin?
Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works.

All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.

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Banks are unhappy with the coin market seeing, that they are not profited from the transactions... Lolz

You are right.

  ·  7 years ago (edited)

done ok

Thanks

Banks are not smiling lolz

Nice post

Thanks