Bitcoin Advantages

781 Words4 Pages
The world is constantly changing. Everyday, lots of companies are working on developing new technologies that make our life easier. And nine years ago, an unknown creator who goes by the name of Satoshi Nakamoto created Bitcoin. Bitcoin is an innovative payment network, in other words, it is a new kind of money (Bitcoin.org). This new payment method has created a huge controversy worldwide because it is going against our actual and well established economy. The truth is that we are living in a time of change, but what we don’t know yet, is if this kind of currency will stay forever or it is just a new trend that will end sooner or later. For the same reason, it is very important for people to know and understand the advantages and disadvantages that Bitcoin and its competitors (e.g. Ethereum) have. This essay will argue in favor of adopting this alternative currency. As CoinReport explains, it has good qualities like Freedom in Payment, Control and Security, and the Information is Transparent. Nevertheless, the Risk…show more content…
There are no banks or goverments setting limits. We can send or recieve any amount of money, anyday anytime at a very low fees. Although there is not an authority controling the transactions, we can make use of the Blockchain and all the security softwares to protect our digital wallet. Our personal information is secure. We must take in consideration that there are risks when investing in a volatily company. But in a few years, when this new money will settle down, it could be a great opportunity for investment. Meanwhile, it is important to be on the same page as the developed countries because if we are not, we will always be under other countries having the same poor life quality. Perhaps, prohibit people to use digital tokens isn’t the correct solution, but to educate them on how to build wealth by spending money
Open Document