Structure of Cryptocurrency versus fiat money

According to James Altucher, it will be very difficult to try to hack Cryptocurrencies like bitcoin litecoin and so on because they are build on block chain technology, a system that is built on trust. A block chain is a digital ledger of records that is arranged in chunks of data (blocks). The blocks are linked through a validation known as hashing function linked together forming an unbroken chain.
Fiat money is a strip of processed wood or metal produced to be use as a means of exchange. This kind of money is controlled and backed by a government. That means the government can determine the quantity of money to be minted and supply. So if a government is corrupt, you can imagine what will happen behind the doors where the money is been minted.

Total supply

There can only be 21,000 000 bitcoin by the time the whole of bitcoin is mined. Currently, we have about 16, 000 000 in circulation this I know for sure but the total amount of fiat money in my country I can’t say. If we say the total amount of our foreign reserve plus the excess crude balance, how about the allegations of looted money by corrupt politicians we here about time to time?

Attack by animals

If your wallet is well secured with a very good pass word plus a 2 factor pass enabled, chances of your account being hacked is very low except you get careless with your account details. No animal or rodent can come and pea or shit on your money but recently, I heard of a situation where snake mysteriously swallow over 36, 000 000 paper money.

Disclaimer: this is not a financial adviser. All Content posted as part one and part two here, is for the purpose of knowledge and also for fun and am not recommending anything to anyone as this is just my personal opinion. If you want to invest or start trading Cryptocurrency, I highly recommend you consult your financial adviser or any legal

financial adviser.
References: https://www.cnbc.com/2018/01/17/james-altucher-on-bitcoin-regulation.html