“Bitcoin’s big advantage is that it is essentially the cold, hard cash of the Internet. Instead of bills, Bitcoin’s software keeps a public ledger of every transaction among users. If a buyer and seller are running the software on their computers, they can directly exchange Bitcoins, anonymously and with no taxes or bank fees. Others can pay a company to process the payment. Bitcoin accounts are listed simply as a string of letters and numbers with no names attached, giving a level of anonymity impossible with debit and credit cards or even PayPal accounts.”
http://www2.macleans.ca/2013/01/02/why-bitcoin-is-the-banking-industrys-newest-biggest-threat/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Out of the 'Shadows': Pot Sellers Can Now Do Business With Banks
Regulator on Bitcoin: Same Rules Apply
Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise
Russia blacklists 12 Americans in retaliation for U.S. sanctions
Japan welfare payments to be slashed ¥74 billion to root out the comfortably poor
Russia said to plan to deliver Snowden for execution in exchange for lifting sanctions
A Push for a Bitcoin Buttonwood
U.S. to provide ‘direct military support’ to Syrian rebels
Bank of Korea Relaxes Negative Stance on Bitcoins
Chinese Millionaires Are Leaving The Country In Droves
How Will the IRS Tax Bitcoin?
Tiny ‘Shoebox’ Apartment in London Costs $1,200 Per Month
Budget Cuts Could Pull Navy Out of The War on Drugs
U.S.-backed rebels blow up U.S. Humvee with U.S.-supplied missiles
Ravaged by Oil’s Collapse, Venezuela Now Has a Big Gold Problem