Showing posts with label cryptocurrencies. Show all posts
Showing posts with label cryptocurrencies. Show all posts

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.