“While there are plenty of people out there who are pointing out that Bitcoin will offer strong competition for the likes of PayPal, Western Union, and even Visa, this kind of statement misses the point. It is true that the Bitcoin protocol could be used to replace these companies at nearly no cost, but bitcoins, the currency, are going head-to-head with gold and fiat money. Bitcoin is both a currency and a payment system, and not many people would dare say that there has ever been a more efficient payment system ever created. The only real question left is whether or not bitcoins, the currency, will be able to take a share of the world currency market.”

http://voices.yahoo.com/the-advantages-bitcoin-over-paper-money-gold-12478979.html

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