Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.
@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it.
@Naval: Bitcoin is society's bank vault. The bounty on it, and therefore its security, automatically scales with the value society puts into it. * /r/Bitcoin
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
reddit.com



