"Bitcoin is something that is genuinely new: the first and, to - TopicsExpress

"Bitcoin is something that is genuinely new: the first and, to date, most successful ‘digital’ currency. As such it has many properties that are wholly different from traditional currencies. Unlike paper money, Bitcoin is unforgeable; unlike gold, its supply is perfectly verifiable. It is immune to the inflation that plagues all fiat currencies: governments cannot simply print Bitcoins to pay off their debts. It is perfectly secure: all transactions are monitored collectively by the Bitcoin network. Bitcoin payments can be made at any time, to anyone, with minimal fees and no dependence on financial intermediaries. Bitcoin transaction histories are distributed and decentralized, making the system robust and resilient. And Bitcoin minimizes the amount of personal information that users have to disclose, in order to transact."

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