extend into the physical world of retail stores and shoppers. Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the world at any time. I agree with that assessment, so I won't belabor the point. Bitcoin is a digital bearer instrument.
But because its entirely digital and doesnt necessarily correspond to any existing fiat currency, its not easy to understand for the newcomer.
Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature.
The, bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the.
The overall numbers are still small, but they are growing quickly. Well come back to that. (Well, maybe criminals are still happy: They can try to steal money directly from poorly-secured merchant computer systems. The community has since grown exponentially with many developers working on Bitcoin. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses. The net results are lower fees, larger markets, and fewer administrative costs.
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