In the world of cryptocurrency, Bitcoin always holds a special position that no other digital asset can match. This is not only due to its popularity or market value but also stems from its primal and unique characteristics. This article will explain why Bitcoin is rarer than Ethereum and why you should own Bitcoin while you still can.
1. Bitcoin – The most limited digital asset on the planet
One of the main reasons Bitcoin is special is its supply. There will only ever be 21 million Bitcoins, and when the last one is mined (expected in 2140), no new Bitcoins will be created. This makes Bitcoin a completely scarce asset, similar to gold but with digital properties.
In contrast, Ethereum does not have a specific supply limit. Although Ethereum has transitioned to a Proof-of-Stake mechanism and reduced issuance through EIP-1559, this mechanism does not guarantee an absolute limit like Bitcoin. The unlimited supply makes ETH lean more towards the role of a 'smart contract platform' rather than a 'store of value asset.'
2. Primality and absolute decentralization
Bitcoin was created by an anonymous individual or group under the pseudonym Satoshi Nakamoto. The important thing here is that since Bitcoin's inception in 2009, no organization, company, or individual has been behind its control. Bitcoin operates thanks to a global, decentralized, and completely transparent community.
Ethereum, despite being more powerful and diverse in features, still relies on Vitalik Buterin and the Ethereum Foundation development team. This reduces Ethereum's absolute decentralization compared to Bitcoin. Bitcoin has no 'CEO,' no headquarters, and cannot be controlled by any entity – this is what truly makes it 'digital gold.'
3. The immutability and safety of Bitcoin
The network system of Bitcoin, protected by a Proof-of-Work mechanism, is considered secure and immutable. Once a transaction is recorded on the blockchain, it is unchangeable. This makes Bitcoin a reliable store of value in an increasingly volatile world.
Ethereum, while also having a strong blockchain, has made significant changes in the past, such as the 2016 DAO Hack event, leading to a hard fork splitting into Ethereum and Ethereum Classic. This shows that Ethereum can be altered by human decisions when necessary, reducing its immutability compared to Bitcoin.
4. Buy Bitcoin while you still can
Currently, only about 19 million Bitcoins have been mined, and most of them are being held long-term by institutions, investment funds, and individuals. The increasing scarcity, along with Bitcoin's growing acceptance as a store of value and means of payment, will drive its value even higher in the future.
Ethereum can be seen as the most flexible blockchain platform, but Bitcoin is the rarest, safest asset that is not controlled by any individual or organization.
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