BBC news item on Bitcoin & Mtgox 25 Feb 2014

Don't confuse MtGox with Bitcoin. Bitcoin is a payment system and currency that could change the world. It enables people to have trust in a decentralised public ledger that verifies ownership. It enables the free (or very low cost) and instantaneous transfer of funds around the world. It renders banks redundant for such transfers. It eliminates chargebacks. And more. MtGox is (or was) a poorly run exchange that ran into all kinds of problems because of its own internal errors.

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How merchants eliminate exchange risk when accepting Bitcoin

Bitcoin:

* Eliminates chargeback fraud for merchants

* Eliminates credit card fees for merchants

* Is free for anyone in the world to use - by smartphone or computer

* Enables free transfer of funds to anywhere in the world

* Is a decentralised network that cannot be shut down

Bitcoin is the future! Mainstream adoption is only a matter of time.

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