“On the Bitcoin network, you can programmatically check your balance, or the balance of any Bitcoin wallet. You can create and consume transactions on a level playing field. You can operate a bank, a stock exchange, a wire transfer service or an escrow service without anyone’s permission or accreditation. The Internet made every blogger able to reach an audience as big as that of the New York Times. Bitcoin makes every node, even that running on your cellphone, equal in capability to Wells Fargo or Bank of America.”

http://radar.oreilly.com/2013/05/bitcoin-is-a-money-platform-with-many-apis.html

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