One of the most extraordinary news, generated by the Cyprus economy failure, was the information about the reasonable bitcoin value appreciation. Number of Google search request by the key word “bitcoin” have jumped in Spain as well as the number of bitcoin-applications downloads (digital wallets). And one canadian have stated that he would like to sell his house for 536 bitcoins. #Bitcoin was created in 2009 by the computer hacker, that was hiding under the nickname Satoshi Nakamoto (it can be a group of people), as a type of some kind of the virtual cash, that can be used for purchases of goods and services. 

But sill its more than anyone expected in the beginning.

Lots of people already can say that emergence of the global cybercash source, that fell outside of the government control is already very realistic, andit is time to take it seriously.

Dollar note has serial number and is free to move from the buyer to seller. Banks and financial institutions trade trust - After all it is not their money, but you have to trust them more than you trust yourself. In the bitcoin world everything is opposite. So far as bitcoin doesn’t depend on anyone - there is no Central bank or Federal reserve #system, and unlike funds traded on exchanges, created as a protection from the dollar. Bitcoin is nothing more then derivatives or credit swaps. Ordinary people can use it for different purposes. Bitcoin is purchased by people who prefer to place a bet on the anonimous strangers and not on the international economy. And it is in itself becomes great indicator of concern. Bitcoin is not attached to any product - except #trust.

Bitcoin may be the last "safe haven" of the global economy.

Uploaded by: Keyzone

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Category: Bitcoin, Financial, Money, Send Money

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