cryptocurrency

[White_knight]

Originally Posted by Izmael [You must be logged in to view images. Log in or Register.]

Bitcoin is backed by strong crypto. Cracking a single bitcoin wallet by brute forcing it would require something like the total energy of the Sun for a few trillion years (essentially you need to guess a number between (1) and (2 power 160)).

To brute force a bank you just need a bulldozer and a shotgun etc.

Bitcoin can't be counterfeited (that would cost immensely more to pull off than the potential gain).
Fake USD is being constantly printed all over the world.

A US government can just decide to print truckloads of USD because that would suit their current policy, effectively boosting inflation and diluting the value of all existing USD in the world. In fact this is done all the time.

You can't decide to print more bitcoin as the emission rates are hardcoded in the blockchain.

The list can go on...
Don't get stuck in 1999, pals.

Bitcoin is a scam as seen last year.
The technology behind bitcoin isn't a scam.
That's the difference.