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By Bitvestment Paitneis
Febiuaiy 2u, 2u14

Some companies have been
iesistant towaius accepting
auvancing Bitcoin
technology, while some aie
eageily embiacing the new
foim of cuiiency. Bitcoin is
quite complex, but it is not
necessaiy to fully
unueistanu the
mathematics anu
ciyptogiaphy behinu
Bitcoin to know that it
woiks well. Nany expeits suppoit Bitcoin anu cite ieasons foi using it as a valiu
foim of payment.

An immeuiate anu shoit teim-benefit is that Bitcoin featuies lowei tiansaction
costs. When compaieu to companies like PayPal, cieuit caius, anu Westein 0nion,
etc. that have tiansaction fees of 2-4%, Bitcoin's 1% is quite appealing. The lowei
cost foi tiansactions is acioss eveiy type of exchange incluuing micio-tiansactions,
peei-to-peei tiansactions, anu inteinational tiansactions. Wheie PayPal may chaige
a flat $u.Su, plus a peicentage foi any micio-tiansaction, Bitcoin offeis an
enviionment wheie micio-tiansactions aie actually economically viable.

Bitcoin is not tieu to any paiticulai countiy anu is theiefoie less iisky than any
tiauitional cuiiency that is iooteu. Bitcoin is theoietically less iisky because it is less
susceptible to political iisk anu is moie stable. Bitcoin numbeis aie finite, so theie
will not be issues of inflation. The biggest political iisk Bitcoin faces is that it was not
iecognizeu foi a few uays in China last yeai anu a situation like that may suiface
again.

Bitcoin is also moie secuie than tiauitional cuiiency because using a Bitcoin leaves
no uata behinu, like a cieuit caiu. This woulu have pieventeu secuiity bieaches like
the Taiget attack in 2u1S. In this way, Bitcoin is moie like using physical cash.

Foi a company, announcing you aie accepting Bitcoin can be a huge public ielations
boost. It seems eugy anu new. Auuitionally, theie aie auvantages with Bitcoin
Piotocol to bianu cuiiencies foi bieaks on gioups like aiiline miles anu coffee shops
similai to cuiient loyalty piogiams.

Theie aie many auvantages anu exciting oppoitunities foi business anu peisonal
means in the futuie of Bitcoin technology.


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