Why Bitcoin?
paper money is going away. Today, bitcoin is one of the most trending topics on search engines and social media, as investors attempt to keep up with its often dizzying see-sawing in the price – with the coin surging to nearly ₹30 lakh. The question arises why do we need a different currency when we have fiat money that is a promise by the Central bank of a country i.e., RBI in India case? There are certain challenges that are visible in how fiat money works. Firstly , it is centralized and that means you don't have the control or you don't have the control over what the bank is doing with your money. All that you know is that you have the money but how is that money being used you don't have that control because that is a right of your bank, and not yours. Secondly, if the government wants to demonetize this money at some point, they...