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In Bit coin, unlike a credit card, a payment can NOT be reversed (“chargeback”). The “chargeback” generates to the trades an annual cost of 40 billion Euros in frauds: anyone can make a payment and call his bank saying that he has not done it. In addition Bit coin is free to implement, and has negligible transaction costs. With this and more, many businesses offer a discount on the price of the product if a customer pays with Bit coin. We leave you the 6 keys to understand why the stores are enjoying Bit coin so much:
What is bitcoin?Bit coin cannot generate thousands of bit coins a morning because suddenly you want a politician or a banker. There will never be more than 21 million and all are appearing for mining, always under rules that are totally public.
In Bit coin you are your own bank. But in doing so, you do not pay for an account opening fee, monthly maintenance fees or false charges as if it were in a bank. You do not pay for having credit cards (in fact you do not need it, it’s an outdated technology) … Having a purse is free and with it you can store all the bit coins you want, as well as send bitcoins to any part of the planet without anyone prevent it.
Nobody is going to charge you a subscription, no contracts, no stays, no withholdings, or your data in exchange for a cutlery … These things in Bit coin sound “Chinese”!
In times of theft of constant information, industrial espionage and society by governments and computer criminals and, even more so, with the appearance of advanced Big Data techniques , it is more important than ever to take care of our privacy, managing to maintain it in a very high grade.
Bitcoin has this concept very internalized. Bitcoin is not completely anonymous, but it works to be. We have written a chapter of our very complete guide on the privacy of Bit coin and the necessary importance of it being anonymous: Bit coin is not anonymous