
“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:
French Gov’t Has Paid Out Nearly $600,000 To ISIS Fighters In Syria
Western Union now prohibits sending money to the USA from Argentina. Bitcoin may be the only way out...
What Price Inflation? ... Ask Wall Street Party Organizers
In homebuying, cash is king again
The World’s First Cashless Society Is Here - A Totalitarian’s Dream Come True
UK Terrorism Act Author: It Was Never Meant For Situations Like David Miranda
Paper Money Kaput? Gold rush on rise as Europe crisis deepens
Meet China’s Biggest Bitcoin Multi-Millionaire
Documents reveal IRS put Occupy groups on ‘watch list’ too
After 2 Years, Felony Charges For Mom Who Resisted Having her Child Confiscated
Cyber thieves blamed for botnet Bitcoin heist: researchers
Trump plans to halt entrepreneur visas next week
Fighting Drug Addiction With Marijuana
Graphic: How Just 6 Corps Own 90% of The Media
Baby Boomers Put Retirement on the Back Burner