When you think of your financial legacy, it’s more likely to be shares of General Electric (GE) than a nascent, unregulated electronic currency that is outside the traditional banking system.
But the day is coming when investing in that currency won’t seem so risky or far-fetched.
You see, I’m kind of a fan of Bitcoin.
The fact that there’s a currency that operates outside of the governments of the world is a concept I am on board with. I think it’s disturbing and humbling to government leaders and central bankers.
Here’s a currency that eludes their manipulations, their taxations and their scrutiny: a private, democratic currency that is about as free market as it gets.
And it’s earning its place as a legacy for future generations.
Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world.
Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.
Some of the advantages:
- Bitcoins are sent easily through the Internet, without needing to trust any third party.
- Are irreversible by design
- Are fast. Funds received are available for spending within minutes.
- Cost very little, especially compared to