Bitcoin is one of the biggest black swans in financial history. Bitcoin is a form of digital currency, created and held electronically. No one controls it. It’s open source code. Transactions are made with no middle men – meaning, no banks.
As people become more aware about the dangers and deceit in the banking system, Bitcoin is becoming popular as an alternative to banks–or as a way to diversify finances and not have all one’s assets in one place.
The video in this post provides 9 reasons why the Open Source Bitcoin network should continue to outcompete Private Blockchains being created by fraudulent banks, central banks and government.
There are no transaction fees and no need to give your real name when you use Bitcoin. More merchants are beginning to accept them: You can make everyday purchases such as webhosting services and food. International payments are easy and cheap because Bitcoins are not tied to any country or subject to governmental regulation. Some people buy this digital currency as a way to diversify their long-term investments.
How To Buy BitCoins
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies.