We here many negative things about bitcoin in the media as well as its price, but there are many articles out there that get it right including this article featured below. A very good read guys and gals.

If applied widely to the inner workings of our global economy, this model could slash trillions in financial fees; computerize much of the work done by payment processors, government property-title offices, lawyers and accountants; and create opportunities for billions of people who don't currently have bank accounts. Great value will be created, but many jobs also will be rendered obsolete.

http://www.wsj.com/articles/the-revolutionary-power-of-digital-currency…