Comment: Bitcoin is not a fiat currency.

(See in situ)

Bitcoin is not a fiat currency.

It is not even a "currency"... it is simply a way of transacting, using a very ingenious system, that controls FRAUD and the total amount of bitcoins in the system, automatically.

Since the system looks to be hack-proof... and also not centrally controlled, it will quite possibly take over in a large way all the places where "the little guys" have not had a chance to use internet "barter" or finance, or banking... whatever you want to call it.

It is liberty promoting because it does not constrict users with any rules and regulations that limit their ability to transact anytime anywhere cheaply.

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]