For those who are tired of playing the central banker’s fiat currency game of Monopoly, the benefits of Bitcoin easily outweigh the negatives. Currency is far from all that Bitcoin can do, and is just the first application, but creating sound global currency anyone can use is one hell of an app!
Here are fifteen reasons why the future of money is changing due to the technological innovations of Bitcoin.
The First Global Peer-to-Peer Monetary System
Thought you needed a government to have money? That is so 20th century! Bitcoin is the money of The People, for The People, by The People. There have always been local currencies since people were trading chicken eggs for cow’s milk. Now, trade money digitally. No animals, private printing presses, or interest rates needed.
The Block Chain. Bitcoin’s Public Transaction Ledger
Bitcoin’s Blockсhain has been praised worldwide by even the establishment’s biggest players for its revolutionary abilities. It represents the heart of the Bitcoin protocol and provides a way to track all BTC transactions. This ledger will be able to replace paper trails, lawyers, and many other things adding friction to the current monetary system. Record-keeping made for the Internet and the 21st century. Central