Tuesday, October 22, 2013

Bitcoin is not a GOLD, it is more like REAL ESTATE!

Maybe hundred years from now, technological evolution will let computers crack Bitcoin wallets & blockchains, but the will happen only like 50 or maybe even 150 years from now.
In this sense you could consider Bitcoin as a property. The strength of cryptography behind Bitcoin is a factor defining longevity of house. Houses are deteriorating during the time, but Bitcoins concept deteriorate only during human technological progress.

Once houses are destroyed, residents are usually move to other properties. The same case with Bitcoin: once cryptocurrency won't fit security measures, world will just find an alternative cryptocurrency which fits new cryptography standards.

1 comments:

  1. YoBit lets you to claim FREE COINS from over 100 unique crypto-currencies, you complete a captcha one time and claim as many as coins you want from the available offers.

    After you make about 20-30 claims, you complete the captcha and continue claiming.

    You can click on claim as many times as 50 times per one captcha.

    The coins will held in your account, and you can exchange them to Bitcoins or Dollars.

    ReplyDelete