If you have little bit of exposure or knowledge into Bitcoin , this article will open your eyes in many directions.
1. Both are Community Value Based program : The value of bitcoin is not backed by anything rather than the trust of people . This thought was applied to term bitcoin a “ponzi” initially but the reality is ” Bitcoin is stronger than ever” . “Value ” arising from mass trust is standing strong against all odds and are preferred now against most “fiats” . Community is the source of this “value” and power, for both Mubity and Bitcoin.
2. Has no “stored/central deposit ” : bitcoin has no central authority/depository and with public ledger system anybody can be the “server” of bitcoin and this makes technically impossible to hack or crack or shut down blockchain . Likewise , Mubity has no collective account to store and all its member are power units . This financial movement among mass(p2p) is analogue to the public ledger of blockchain.
3. More users , More Value : As opposed to “Pyramid or ponzi” the value is inflated by more use and this benefits everyone inside the circulation . In other words ” Publicly controlled Pyramid ” (thats not pyramid scheme at all by any given definition ) .
4. Technically just Numbers : Both Bitcoin and Mubity website has no property owned , just arrangement of some digits and data. Still bitcoin is considered as digital asset (not a currency only ).
5. Predefined algorithm : Both Bitcoin and Mubity has a predefined , disclosed algorithm for operation and anyone is free to contribute, anywhere.
6. Mubity brings in new people to use bitcoin and bitcoin enables Mubity to expand its network worldwide without breaking any legal frame. Synergism at its best.