Why is Bitcoin better as a medium of exchange than any other currency? Take a look at these use cases and consider your current alternatives. Bitcoin comes out on top every time.
- Send emergency Bitcoins instantly to stranded family and friends abroad directly to their smartphone! No waiting for the bank to open, no $25 wire fees. Instant assistance!
- Want to store a value of bitcoins securely for a long period of time. Generate Bitcoin keys off-line, print them, store them in a safe at your bank. Transfer Bitcoins to the off-line address and they are super secure until you need to spend them! Offline Bitcoins are not vulnerable to malicous software that may lurk on your computer.
- Safer than a lemonade stand for kids to make their first earned money (more anonymous, no real world contact). They can sell their arts and crafts, like home made beads/necklaces/bracelets/etc.
- Worried about making large transactions in public and having to safely transport the money to safety afterwards? Accept Bitcoins to your smart phone, then transfer them to your home computer or off-line Bitcoin address.
- Your computer just failed to boot with a wierd error message. You Google it and discover a forum thread where someone already solved the problem and helps you get your computer back online. You decide to reward them by sending a few BTC to the Bitcoin address in their signature line as thanks for helping you get back to business.
- Are you a merchant and tired of payment processor usage fees? Tired of dealing with fraud and chargebacks? Transactions do not require transaction fees. And once the money is sent to you, the transaction cannot be reversed.
- Storing cash for a long period of time is not profitable because of inflation – a government’s printing of unbacked notes. After Bitcoin’s pre-programmed inflation period ends, it will begin to deflate due to attrition. Storing your coins for a long period of time may actually increase their value!