These digital coins hold advantages that give them a certain edge
over conventional currencies.
Supporters argue that Bitcoin has fundamental advantages
over conventional currencies.
Not exact matches
Conventional currency has technically been based on gold or silver, and upon handing
over some dollars at the bank you should have received some gold in return.
The
currency is created and distributed
over a P2P network, and the developers hope to attract users by exploiting some people's disaffection with the government - controlled central banks that control
conventional money.
Conventional currency has technically been based on gold or silver, and upon handing
over some dollars at the bank you should have received some gold in return.
Past just
conventional derivatives, dozens of trading firms have sprung up
over the last year to allow for boutique hedge funds, family offices, or even large - sized individual traders to access the virtual
currency markets.
But as interesting as it is and as fast as it's growing, Bitcoin simply can't replace
conventional, government - issued
currency right now: your landlord probably won't take a Bitcoin payment
over a rent check.