Why is Bitcoin Allowed to Exist?

1
Why is Bitcoin Allowed to Exist?

• Bitcoin is allowed to exist because it provides a
  number of benefits that other forms of currency
  do not. These benefits include but are not
  limited to the following

2
DECENTRALIZED

• Bitcoin is decentralized, meaning there is no
  central authority controlling it. This makes it
  more secure than traditional forms of currency,
  as there is no single point of failure that could
  be exploited.

3
GLOBALIZATION

• Bitcoin is global, meaning it can be used
  anywhere in the world. This makes it ideal for
  transactions between parties who are located in
  different countries.

4
DIGITALIZATION

• Bitcoin is digital, meaning it can be stored and
  transferred electronically. This makes it more
  convenient than traditional forms of currency,
  which must be carried around in physical form.

5
ANONYMOUS

• Bitcoin is anonymous, meaning that transactions
  can be made without revealing the identity of the
  parties involved. This makes it ideal for people
  who wish to keep their transactions private.

6
FAST

• Bitcoin is fast, meaning that transactions can be
  processed very quickly. This makes it ideal for
  people who need to make or receive payments
  urgently.

7
TRANSPARENCY

• Bitcoin is transparent, meaning that all
  transactions are publicly visible on the
  blockchain. This makes it easy to track down any
  illicit activity.

8
SCARITY

• Bitcoin is scarce, meaning that there will only
  ever be 21 million bitcoins in existence. This
  makes it a valuable asset, similar to gold or
  silver.

9
PROGRAMMABLE

• Bitcoin is programmable, meaning that it can be
  used to create smart contracts and other
  applications. This makes it more versatile than
  traditional forms of currency.

10
RESILIENT

• Bitcoin is resilient, meaning that it has
  survived for over 10 years despite a number of
  challenges. This gives it a good chance of
  continuing to exist into the future.

11
CONCLUSION

• These are just some of the reasons why Bitcoin is
  allowed to exist. There are many more, but these
  are some of the most important. Bitcoin provides
  a number of benefits that other forms of currency
  do not, and this is why it is allowed to exist.