Technology To Upend All Banks

Bitcoin is catching on at internet speed. If they can’t control it then States , corporations and money markets will lose their monopoly or riches, poor countries will benefit most.. Crime cartels may benefit, already there is a big drug trade in Bitcoins, but the main winners will be ordinary people. Right now the banks control the world.. Bitcoin could change that. The only way to stop Bitcoin is to destroy the Internet.

Can this decentralized barter currency free humanity from the grip of the slave masters and provide for a truly free-market economy?

There are no transfer fees or centralized clearing house needed for peers to trade Bits. Bitcoins are held in a wallet that carries an anonymous address in the system. Watch the brief video below for a concise description:

Once you download and run the Bitcoin client software, it connects over the Internet to the decentralized network of all Bitcoin users and also generates a pair of unique, mathematically linked keys, which you’ll need to exchange bitcoins with any other client. One key is private and kept hidden on your computer. The other is public and a version of it dubbed a Bitcoin address is given to other people so they can send you bitcoins. Crucially, it is practically impossible—even with the most powerful supercomputer—to work out someone’s private key from their public key. This prevents anyone from impersonating you. Your public and private keys are stored in a file that can be transferred to another computer, for example if you upgrade.

It’s called a cryptocurrency. Since the invention of Bitcoin… Money will never be the same

In the Bitcoin economy, there is no central bank… no privately owned “federal reserve” bank coprporation. The value of Bitcoins does not go down when “The Fed” decides to “print more money”. In fact, it might even go up in value… as it triggers more people to seek out alternatives to storing their money in the world’s “fiat currencies” (paper money that different nations’ central banks just continue to “print more of”)… and buy more Bitcoin instead. In the news, the corporate-owned media call it, “Quantitative Easing”…. We think it would be more appropriate to call it, “The Titanic”.

Ya know how email… changed old-fashioned mail… forever…? Well, Bitcoin is changing money… forever.

It’s as anonymous as you want it to be. Just like with cash, transactions can be totally anonymous. Transactions are only identified by your Bitcoin address, and you can have as many Bitcoin addresses as you want. You create another new Bitcoin address with one click any time you want to. Most people create a new Bitcoin Address for every person sending them a payment. That way, they know for sure who the payment came from.
Destroying Sate and Bank control of money is a vital 1st step towards a Money Free World
There’s no big brother. Third parties can’t prevent or control your transactions. Transfer money easily through the internet, without having to trust middlemen; no central bank, nor central authority.
It’s not a bank. It’s not paypal. What may be the best feature of all?
“Bye bye, PayPal.” “Bye bye, Bank.”