Comment: Not easily duplicated

(See in situ)


Not easily duplicated

There will only be approximately 1.314 million bitcoins created this year. There is no way to magically create more than that. You certainly can't duplicate a bitcoin, no one has ever counterfeited a bitcoin. And no person, company, or over overseeing committee has the ability to tell the network to create them faster. If you want to create new bitcoins you have to earn it.

There are no government regulations and it is practically anonymous, and the government couldn't shut it down if they wanted to.

Definitely not just another piece of paper.

It is however, from a libertarian standpoint (and a tech geek standpoint) extremely interesting and exciting. Unfortunately it isn't easy to understand.