No society at any time is safe from revolutionary inventions, presumed alternative solutions, often as a remedy to the pathologies of the system, with glimpses of vulgar miracle, and others, clothed in the seemingly unchallenged liturgy of technology. And here it fits the bitcoin, virtual coin invented by someone in 2009, that hid under the pseudonym of Satoshi Nakamoto. It is immaterial, it is not governed by any central bank authority, although it operates under an umbrella of internauts, except in Japan, a country that has developed a regulation applicable to virtual currencies, after the scandal of bankruptcy of a platform of changes, in 2014.
This ingenuity or artifice allows you to buy foreign currency and buy goods and services, although it seems that your favorite terrain are the websites. It is said that it has a system of encryption, encryption, which guarantees not only security, but also the traceability of transactions.
The main attraction of this allegory is that the exchanges that it facilitates do not touch the banking system at any time. After the crisis, not only because of the absence of financial costs, but also because it was considered an effective sleeve cut to the bank, bitcoin was relatively attractive.
Is it reliable? Its quotation is established by supply and demand in the market, which generates great volatility. Nobody guarantees anything, everything can go to hell overnight, of course the conventional system is not absolutely reliable, but there are still classes, the truth. On the other hand, it can become an effective haven of black money or facilitate pyramid-type Ponzi schemes and tax evasion.
In addition, if users stop using it, the value would tend to zero, not to mention its deflationary character, since the more you use it or the more users use it, the lower the bitcoins will be created. That is, bad business for the whole economy. Few advantages, many drawbacks. It is fashionable to go against it, but it is not always the right thing to do.