
“What makes Bitcoin so interesting is that it flies in the face of payment models that we’re used to today; it’s a push model rather than a pull one. When you give a website your credit card and billing information to buy something, the company is pulling money out of your account. Giving up that personal information isn’t the safest thing, and Bitcoin allows you to ‘push’ the money to a company to buy something. This means that no personally identifiable information goes with it, making eventual identity theft and fraud nearly impossible during the transaction.”
Related posts:
House Democrat Wants States To Get Paid To Seize Guns
Berkeley, CA Replacing Municipal Debt With Blockchain Crowdfunding
Uncle Sam’s Marijuana Patch
World’s First Bitcoin ATM Set to Go Live Tuesday
Cancer Patient Loses Doctor, Treatment Delayed Due To ObamaCare
Privacy nightmare: Company advertises over 1bn license plate records
Congress Asks Bernanke For Full Risk Analysis On Fed's Soaring Balance Sheet
The Great Super Fantastic Bank of Cyprus & Its Awards of Excellence
Semi-Automatic Rifle Reporting Mandated in (Mexican) Border States
Angry Protesters Rally Over Dog Killed By Hawthorne Police
End the Empire
"Justice" in Amerika: Two Years for Rape, Ten Years for Hacking
Sweden abandons bid to lift EU snus export ban
National Guard Martial Law Training in Ontario, California
The Ascent of Whatever-It-Takes Banking Is a Good Thing?