BitCoin versus...

BitCoin vs. "traditional money"

The money can move across the world today. We log into our banks online to receive paychecks and pay bills, use PayPal to buy products online. When we finally step outside "in the real world" we use our MasterCard, Visa, American Express to pay for gas on the car. We don't use "real physical money", unless we're at a hot dog stand, that is.

One doesn't necessarily need to rule out the other, there's room for both in this world. But it's fact that "digital money" is already widely used. So using BitCoins doesn't sound so scary, does it?

BitCoins are on the other hand much more freely transferred from one person to another. We don't have to wait until Monday morning for the bank to open, to go through all of our transactions and verifying them etc. The transactions of BitCoins is so fast that the receiver can get them instantly.

BitCoin is free from any laws from any country. It can be used to pay any amount, to anyone, at anytime, from anywhere, anonymously. 

No one can prevent it because of this massive community which has grown up around it, and still growing. Anyone with a computer (with internet access, of course) can help other people getting their transactions done.

For a more visual explanation watch this video at YouTube

BitCoin storing and computer safety

Instead of banks, BitCoins can be stored on your computer (or make a backup to a flash drive to keep it safer), there are also a lot of other sites out there which can store your BitCoins (You put your money in other people's hands - I wouldn't recommend this) 

On your computer you just have to be well aware that your system and data protections, firewall, antivirus and antimalware software are up to date. Don't be fooled by any scamming sites which tells you to download all kinds of applications, nor the ones who asks you to type in your BitCoin addresses. These programs may rip off your BitCoins. 

Treat your BitCoin addresses as safe as your bank account no. and pin.

Scamming sites like mentioned above already exists on the internet to trick people with normal bank account, and they even send emails where they ask you to reply back with your private bank information. Be cautious!

Be responsible for your computer's safety, using BitCoins or not, if you already use it to check your bank account online or store/access other vulnerable personal information about yourself.

- If you don't keep your safety updated, you should reconsider if you are responsible to have a computer at all!