The Benefits of Bitcoin

in #bitcoin7 years ago


Bitcoin, (and I’m talking about the peer to peer electronic cash system described in the Satoshi whitepaper) is light-years beyond government issued fiat money.
Governments can’t inflate it. Banks can’t confiscate it. Counterfeiters can’t copy it. Middlemen can’t exploit it, and thieves can’t burglarize it (if properly secured).
It’s cheap, fast and easy to move, store, hide, and transfer… plus its scarce, durable, divisible, and requires no one’s permission to use.