Tue Jan 12, 2016 3:17 am

50 Reasons to Pay Attention to Bitcoin







1 CONTROL; you are FULLY in control of YOUR money

2 Freedom; other people can’t vote your money away

3 Support the separation of state and money

4 No middlemen; bitcoin disintermediate the financial world

5 No transaction fees (~$0.003 ledger fee for on-chain)

6 No borders; send money to anyone; access anywhere

7 No transaction delays; propagation time < 1 second

8 No ‘banking hours’; control your money 24/7

9 No minimum account balance

10 No overdrafts (predatory fees: $32B /year in US)

11 No risk of identity theft ($1.5B /year in US)

12 No inflation (limited money supply)

13 No minimum age; it's the currency of the next generation

14 No bank runs; for that matter, no walks to the bank either

15 No bank holidays; just a lifetime holiday from the banks!

16 No capital controls

17 No hidden taxation

18 No bank bail-ins

19 No paperwork (my bank had 5 pages of fine print!)

20 No chargeback fraud; fast settlement (~10min, soon faster)

21 Permissionless innovation; build the next financial app

22 Privacy; digital assets without a registered name

23 No social exclusion; poor people can use bitcoin

24 No censorship; send money to anyone

25 No account freezes or levies

26 Opt out of fiat and boycott the banks & government

27 No dealing with bankers; no supporting the war-dollar

28 No lost/manipulated records; immutable ledger entries

29 It will likely be worth a lot (>$1T market cap) in the future.

30 Bitcoin is an antifragile technology; it gains from disorder

31 Bitcoin is open source; it evolves and improves daily

32 Bitcoin is still early-stage; huge potential innovation

33 15-45% discounts (Amazon, Starbucks, Etc)

34 No counterparty risk; its decentralized

35 Not fractional reserve; not a debt-based economy

36 Use a currency that rewards saving (good behavior)

37 Huge potential in future robotic/machine economies

38 Potential for decentralized economic actors

39 Lost bitcoins will result in long-term M1 deflation

40 Escrow without escrow agents or paperwork

41 Safely store money in your mind with brainwallets

42 Use multiple wallets organize your money (like folders)

43 IPO without paying millions of dollars

44 Smart contracts; imagine a world without the need for lawyers

45 Smart property; imagine a car that checks the blockchain

46 Smart money; bitcoin is the first ‘programmable money’

47 Cash is king; bitcoin is cash for the internet

48 Investment hedge against currency or societal collapse

49 Help end world poverty & hunger for the 3 billion underbanked

50 #1 fastest growing industry for VC investments





by Zach Doty