Why Bitcoin Will Succeed

Bitcoin is a virtual currency that does not rely on a fundamental power for bookkeeping but rather is entirely open source, peer-to-peer network for cash, something unparalled in the history of human economics. But are the individuals, their representatives and companies prepared with this new kind of money?

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What is Bitcoin?

Most frequently it’s referred to as a non-government digital currency. Bitcoin is also sometimes called a cybercurrency or, in a nod to its encrypted sources, a cryptocurrency. Those descriptions are precise enough, but they miss the point. It’s like describing the U.S. dollar as a green piece of paper with images on it.

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