Breaking down the 7 myths of Bitcoin #3

Bitcoin can be copied

You can copy their code at any time or even create your own variant with a new feature, but this doesn’t mean that anyone who has adopted Bitcoin for money will treat their “copy” as such.

Bitcoin has become money for some, or refuge value for others, over time, only when the bitcoin network developed pop-up properties that didn’t exist at first, and are now almost impossible to replicate.

These properties emerged organically and spontaneously, when individual economic players around the world evaluated Bitcoin, and decided to store some of their wealth in it.

As individuals increase their adoption, their value logically increases, and this generates greater decentralisation, making it increasingly difficult to attempt to alter the consensus rules of the network, or to invalidate or prevent the transactions approved in the network.

Bitcoin can be copied, but it can never be matched.

Breaking down the other myths:

Breaking down the 7 myths of Bitcoin #7

Breaking down the 7 myths of Bitcoin #6

Breaking down the 7 myths of Bitcoin #5

Breaking down the 7 myths of Bitcoin #4

Breaking down the 7 myths of Bitcoin #2

Breaking down the 7 myths of Bitcoin #1

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Li₿εʁLiøη

Li₿εʁLiøη

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Researcher — ϚʁyptøWriter — Content Creator | Twitter @liberlion17 website: liberlion.com