Article Bitcoin Free (3)

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Get free bitcoin instantly and automatically - paid straight into MicroWallet Just enter your bitcoin address below to get started and earn free bitcoin now! Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. With these attributes, all that is required for a form of money to hold value is trust and adoption.

Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times.

Similarly, the value of bitcoins has risen over time and yet the size of the Bitcoin economy has also grown dramatically along with it. Because both the value of the currency and the size of its economy started at zero in 2009, Bitcoin free btc is a counterexample to the theory showing that it must sometimes be wrong. For now, Bitcoin remains by far the most popular decentralized virtual currency, but there can be no guarantee that it will retain that position.

This situation isn't to suggest, however, that the markets aren't vulnerable to price manipulation; it still doesn't take significant amounts of money to move the market price up or down, and thus Bitcoin remains a volatile asset thus far. It is however probably correct to assume that significant improvements would be required for a new currency to overtake Bitcoin in terms of established market, even though this remains unpredictable. Bitcoin could also conceivably adopt improvements of a competing currency so long as it doesn't change fundamental parts of the protocol. Anybody can become a Bitcoin miner by running software with specialized hardware.

Like any other form of software, the security of Bitcoin software depends on the speed with which problems are found and fixed. Although these events are unfortunate, none of them involve Bitcoin itself being hacked, nor imply inherent flaws in Bitcoin; just like a bank robbery doesn't mean that the dollar is compromised. Any Bitcoin client that doesn't comply with the same rules cannot enforce their own rules on other users.