Why do People use bit coin?

Bit coin is thus the only currency, which has no counter-party risk to hold and to transfer. This absolutely a new thing and everyone should follow it, Store it in vault, or bank and you have counter-party risk.

Bitcoin means complete ownership of money in both storage and transfer. Nobody will can stop it of becoming a member. Financial privacy has long been symbolized as by the notorious “Swiss Bank “.Yet anyone with a Swiss bank account has to trust that bank, as we’ve seen in the last couple years.Bitcoin means a complete ownership of money both in storage and transfer. Nobody will protect you from having that.