There are numerous advantages to owning Bitcoins, the new and somewhat controversial “crypto currency.” One of the major advantages is to increase one’s privacy. Bitcoins offer greater privacy than do financial transactions made with credit cards or checks.
Of course, the most private transactions are the ones made with cash but cash seems to be rapidly disappearing these days.
To be sure, Bitcoin transactions are not completely private. However, the difficulty of tracing Bitcoin transactions has, so far, stopped commercial companies from spying on your crypto currency transactions in order to send targeted advertising or to use your personal financial transactions for other nefarious purposes.
Writing in the Sovereign Man e-newsletter, Simon Black has compared the introduction of Bitcoins and other crypto currencies to an earlier technological disruption: the introduction of Johannes Gutenberg’s new moveable type printing press in 1483.
If you are curious about Bitcoins or if you believe Bitcoins are a scam, you need to read Simon Black’s article at: http://bit.ly/2rpWnc3.