Internet and Money – Bitcoin is an Alternative to the Current System

In the last few months, a wave of interest has developed in the world of Bitcoin. It is extremely interesting to understand the concepts and implications behind this type of currency, especially since the main aim of Bitcoins is to take us beyond the current monetary systems. It would be very simple to explain this concept. The idea is very simple; a money that is stored in computer systems and exchangeable with other coins. However, if you think about it, what happens if the number of Bitcoin increases? Will there be a serious problem with over population, inflation, currency exchange, etc. ?

Bitcoin

This is why the advantage of Bitcoin is that the mining process is free, thus making it possible for more people to benefit from it. Thus, it is not necessary to convert the coins into real money just to acquire them. What is the problem with that? Can you believe that there are plenty of people who can not afford their computer system or power bills? The idea behind the whole process is that it will actually make the currency itself less expensive. Why?

As it is, the currency is expensive and hence most people cannot afford to own it. What happens when the price of the currency drops below what they need? Do they consider switching to another currency? If they do not have money, then they could be kicked out of their countries. Well, this is something that will cause extreme problems with the various governments that already exist in the world. Is it not important to find a solution that can solve these problems? At the moment, Bitcoin is one of the options for this purpose.