Anonymous: What They Aren't Telling You! Bitcoin Phenomenon!
Bitcoins are money. Many companies accept them as payment and the list goes up. How cryptocurrency differs from dollars : it is not controlled by governments and banks. It's a really fair concept if you think about it, it's an international currency, there are no borders and it's not controlled by anyone, which is also very good.
In an article in Amarillo Local News, the chairman of the Bank of Commerce, Alex O'Brien, commented on Bitcoin. "I'm scared for the banking sector because I think Bitcoin, the concept and the way the blockchain works, is something that can get the banks out of the game." But even if O'Brien is worried about the future of the bank,he mentioned that he really likes the concept of blockchain-based currencies!!!
Cryptocurrencies are not controlled by governments and can not be controlled.This means that governments can not forbid people to spend, confiscate, follow and they are safe. No banking system is needed to move them from one place to another; an internet connection will suffice.