Why Bit coin like people

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What is bitcoin

Bit coin is revolutionary and has an incredible technology: that is what we are explaining along the Bit2Me Bit 2Me Guide , but it is normal that you feel overwhelmed and ask yourself …

In what does this whole lot of incredible technology translate? What is the result that normal people perceive?

After making an initial explanation about  what is Bitcoin

Fast

Sending any amount of money is a matter of minutes. Regardless of the amount, regardless of the destination.

What is bitcoin

Cheap

The cost of making a transfer to any part of the world through your bank can cost you a lot of money. When doing it in bitcoins, the cost is of cents or free. Micropayments: using a bank, paying € 0.3 to someone from Chile in gratitude for a tweet or like is Unbeatable , in Bitcoin it is reality.

Global

You can send bit coins to any country in the world. Bit coin, like the Internet or the E-Mail, has no borders. This, with the guarantee of respecting the freedom of its users, makes Bit coin the first global currency that really works.

Decentralized emission

No government or central bank can control it or interfere in the valuation of bit coin, neither in its creation nor in its distribution. With Bitcoin the money is depoliticized, it is made of the people, eliminating in this way the control that with FIAT money is exercised on the population.

Yours

Your bit coins are only yours. The money belongs to you 100%; it cannot be intervened by anyone, there are no corallites or accounts can be frozen . In Bit coin you can be your own bank.

Programmable money

Bit coin is simple to implement and implies an entire programming language, which allows you to create pieces of code that will be executed in the transaction. This, previously unthinkable, allows any programmer to monetize all types of services. Even payments between totally autonomous machines are possible, simplifying manual processes, complex and slow.

Encryption and distribution

  • Bit coin is very safe. It has at its core, and in each of the operations, one of the most powerful cryptographic systems that exists, more than that used by banks or crucial services of our day to day. Its distributed nature makes it resistant to network drops or attacks: NEVER any other computer system has been operational 24 hours a day, 365 days a year for more than 8 years.
  • Even in the face of a Bit coin solar storm, unlike other systems, it would resist. This is due to the fact that some of its nodes are located in bunkers of the Second World War, protected underground and even triple perimeter security.

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About the Author: Dan Brown