Why is Bitcoin Allowed to Exist
                     WHY IS BITCOIN ALLOWED 
TO EXIST?
Bitcoin is allowed to exist because it provides a number of 
benefits that other forms of currency do not. These 
benefits include but are not limited to the following:
DECENTRALIZED
Bitcoin is decentralized, meaning there is no 
central authority controlling it. This makes it 
more secure than traditional forms of 
currency, as there is no single point of failure 
that could be exploited.
GLOBALIZATION
Bitcoin is global, meaning it can be used 
anywhere in the world. This makes it ideal for 
transactions between parties who are located 
in different countries.
DIGITALIZATION
Bitcoin is digital, meaning it can be stored and 
transferred electronically. This makes it more 
convenient than traditional forms of currency, 
which must be carried around in physical 
form.
ANONYMOUS
Bitcoin is anonymous, meaning that 
transactions can be made without revealing 
the identity of the parties involved. This 
makes it ideal for people who wish to keep 
their transactions private.
FAST
Bitcoin is fast, meaning that transactions can 
be processed very quickly. This makes it ideal 
for people who need to make or receive 
payments urgently.
TRANSPARENCY
Bitcoin is transparent, meaning that all 
transactions are publicly visible on the 
blockchain. This makes it easy to track down 
any illicit activity.
SCARITY
Bitcoin is scarce, meaning that there will only 
ever be 21 million bitcoins in existence. This 
makes it a valuable asset, similar to gold or 
silver.
PROGRAMMABLE
Bitcoin is programmable, meaning that it can 
be used to create smart contracts and other 
applications. This makes it more versatile than 
traditional forms of currency.
RESILIENT
Bitcoin is resilient, meaning that it has 
survived for over 10 years despite a number of 
challenges. This gives it a good chance of 
continuing to exist into the future.
CONCLUSION
These are just some of the reasons why 
Bitcoin is allowed to exist. There are many 
more, but these are some of the most 
important. Bitcoin provides a number of 
benefits that other forms of currency do not, 
and this is why it is allowed to exist.