Bitcoins are impossible to counterfeit or inflate. You can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets can’t be frozen. Short of turning off the entire world's internet, and keeping it turned off, the Bitcoin network is unstoppable and unsensorable. While Bitcoin brings unparalleled freedom, it also requires increased user responsibility, but the rewards are well worth your time.
When asked about Bitcoin’s potential to ease the cost of payment transactions for moving money from one place to another Gates was mostly positively about the virtual money.
“Bitcoin is exciting because it shows how cheap it can be,” he told Erik Schatzker during a Bloomberg TV’s Smart Street show interview yesterday. “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
Listen to what the experts say in the video to understand the potential that bitcoin has and the reason behind the massive success of bitcoin!
Sir Richard Branson
“Virgin Galactic is a bold entrepreneurial technology and bitcoin is doing just the same when it comes to inventing a new currency.”
— Sir Richard Branson, Founder of Virgin Group and 400+ companies
“Bitcoin is the most important invention in the history of the world since the Internet.”
— Roger Ver, Bitcoin angel investor, and evangelist
"The Reason We're All Here Is That Current Financial System Is Outdated"
— Charlie Shrem, Founder of BitInstant, founding member of the Bitcoin Foundation
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
— Tyler Winklevoss, Bitcoin Entrepreneur, Co-FOunder & CEO Gemini
“[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
— Ben Bernanke, American economist, former Chairman of the Federal Reserve
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