Inflation-free
By far the most revolutionary thing is that Bitcoin will probably not have inflation. A currency that always continues to increase in value. It has been determined in advance that at the end there will be a fixed amount of Bitcoins in circulation in the system, namely 21 million, so there is no one who can print more money later. During 4 years, and we are now halfway through, half of all these coins will be created in the system. Then, every 4 years, half will be generated again and so on. The 21 million coins will be reached in 2140. The one who 'discovers' them, or 'mines' them, gets them.
Using the 'idle' computing power of all CPUs in the system, this is done according to a (for me) extremely complicated "blockhashing" algorithm . The more computing power you add to the network, the greater the chance of mining Bitcoins. Fact: the largest mining pool (deepbit) has exceeded 1 Th/s (Tera hash / sec), i.e. 1,000,000,000,000 calculations per second. As a simple user, the chance that you 'mine' a large amount of 'free' coins is not that big.
supermarketThe value of Bitcoin can certainly increase, it is already possible to exchange norway phone number list Dollars or Euros for Bitcoins. The current and rapidly increasing value of BTC is (according to the charts ) currently around €4.90 or $7 and thus virtually the most valuable currency in the world. For comparison: the Kuwaiti Dinar (KD) – which is considered the currency with the highest value worldwide – is currently worth €2.55 or $3.63. But Bitcoin is by no means a hard currency. There is relatively little to buy with it. A number of websites offer games that you can play with BTC and some gambling sites have already been spotted. In addition, there is bitmunchies.com , a website where a number of groceries can be bought with Bitcoins for a fee, but this is honestly not much. A few sauces, some socks, some deodorant and pistachios or sunflower seeds.