The Bitcoin is an entirely new, politically neutral type of currency traded on the shared belief that it could set the world free from the enslaving monetary systems controlled by governments and banks.
Because it’s decentralized and isn’t dependent on intermediaries such as governments or financial institutions to facilitate transactions, the Bitcoin cannot be controlled, regulated or tracked from the outside. For users, it grants access to a simpler, safer and more reliable infrastructure for receiving and sending payments, guaranteeing total transparency and anonymity of transactions.
Although it remains experimental, the world seems eager to embrace it. For most people Bitcoin is, more than anything, a modern version of the Emancipation Proclamation intended to free mankind from the abusive and enslaving regulations of governments and banks.
Check out this infographic presented by Confused to learn more about the basics behind Bitcoins and how they could affect our monetary system:
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