Bitcoin is a new kind of money. It's the first decentralized
electronic currency not controlled by a single organization or
government. It's an open source project, and it is used by more than
100,000 people. All over the world people are trading hundreds of
thousands of dollars worth of bitcoin every day with no middle man and
no credit card companies. It's a startup currency which has never
happened before.
Bitcoin is the first digital currency that is completely distributed.
The network is made up of users like yourself so no bank or payment
processor is required between you and whoever you're trading with. This
decentralization is the basis for Bitcoin's security and freedom.
Email let us send letters for free, anywhere in the world. Skype lets
us make phone and video calls for free, anywhere in the world. Now
there's bitcoin. Bitcoin lets you send money to anyone online, anywhere
in the world for less than a cent per transaction!
Bitcoin is a community run system not controlled by any bank or
government. There's no wallstreet banker getting rich by standing
between you and the people you want to send and receive money from.
Bitcoin is more efficient than all competing currencies. This will
drive its adoption in the same way computers were adopted, in that
computers made people more efficient in competing in the marketplace. A
currency has value by it being widely used. Bitcoin is a startup
currency with a deflationary bootstrapping economy. Its use spreads by
providing the speculator incentive.
Bitcoin is going to be the biggest opportunity for innovation that
the world has seen since the industrial revolution. An idea whose time
has come.
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