e-gold was a centralized system. When they got shut down, you no longer had the ability to receive value for your holdings.
Bitcoin is decentralized. The ability to spend is protected by the private crypto keys in your wallet stored locally (assuming you store your bitcoins on your own computer.)
As long as there is a network of nodes out there ( current view: http://maps.google.com/maps?q=https://smsz.net/btcStats/bitc... ) and your software can reach one or more of them means:
1.) you still have the ability to spend your bitcoins at any time
2.) the recipient has the ability to know that those coins were not spent previously
Shutting down e-gold involved taking down the center. Bitcoin has no center, no "master node" -- only peers.
The most central aspect of bitcoin is found in the exchanges. Those worried about an e-gold situation happening again do not have amounts of any significance (either USD or bitcoins) held by an exchange.
Bitcoin is decentralized. The ability to spend is protected by the private crypto keys in your wallet stored locally (assuming you store your bitcoins on your own computer.)
As long as there is a network of nodes out there ( current view: http://maps.google.com/maps?q=https://smsz.net/btcStats/bitc... ) and your software can reach one or more of them means: 1.) you still have the ability to spend your bitcoins at any time 2.) the recipient has the ability to know that those coins were not spent previously
Shutting down e-gold involved taking down the center. Bitcoin has no center, no "master node" -- only peers.
The most central aspect of bitcoin is found in the exchanges. Those worried about an e-gold situation happening again do not have amounts of any significance (either USD or bitcoins) held by an exchange.