Bitcoin is money unlike any other. In summary it is digital money that governs a number of the problems our existing currencies suffer with and introduces a number of different doubts we never had to address before.
Low inflation threat. Among the largest problems with our existing dollars and other currencies utilized around the world is inflation. Over time all monies lose buying power at a speed of couple percents per year mostly because governments maintain printing more money. This practice is basically a little tax in your accumulated riches. With Bitcoin you do not have this problem because the machine is designed to produce Bitcoins to become finite. Just about 21 million Bitcoins will ever be published (mined). The launch of new Bitcoins is slowing down and it’ll stop entirely in a few decades. We’ve got a slowing population growth that’s projected to stop at roughly 10 billion by roughly 2050 which approximately equates with the previous Bitcoin to be mined. There’ll be approximately one Bitcoins for each 500 people.
Low collapse danger. Regular monies rely on governments which fail occasionally. Such events either lead to hyperinflation or a total meltdown of a currency, which may wipe out savings of a life daily. Bitcoin isn’t governed by any one government. It is a digital worldwide currency.
Safe, easy and cheap. The problem with conventional online trades from the point of view of the seller is that Credit cards, PayPal you along with other online payment methods make it possible for buyers to maintain their money back. You can use escrow services but that makes things slow and complicated. With Bitcoins as soon as you have enough money which you have it and that is that. Buyers can’t in any manner take the money back and the seller may safely send the product or perform the service that the customer bought. From the purchaser’s view the infrastructure for payments and sending money between accounts is possibly going to be easier and cheaper because it’s peer-to-peer instead of completed through some intermediary.
Easy to carry. Not an actual problem that requires a solution, but you are able to carry a billion bucks worth of Bitcoins on a memory stick on your pocket. You cannot do this with cash or perhaps gold.
Untraceable. That can be both an advantage and a threat for Bitcoin. The advantage is that you don’t need to be terrified of any business of being able to follow the origin of your own funds. This can be a clear advantage in several regions of the planet because governments who should guard against fraud are now defrauding people by accepting their economies partially or entirely.