What are the advantages of using bitcoin over a bank account/credit card/Paypal account?

What are the advantages of using bitcoin over a bank account/credit card/Paypal account?
  • There is no centralised middleman controlling the flow of money, so your funds can’t be frozen, held, or subjected to arbitrary spending limits.
  • You can send nearly instant payments anywhere in the world for a very small, optional fee; usually equivalent to a few cents.
  • Bitcoin transactions are irreversible. For merchants, this means no chargebacks and a much smaller risk of payment fraud.
  • All Bitcoin transactions are on public record, so it’s possible to prove a payment has been made or personal ownership of bitcoins.
  • Bitcoins cannot be counterfeited or debased — only a finite amount of bitcoins can ever be created.

  • Bitcoin can be an anonymous form of payment if certain precautions are taken.

    Would you add anything else to this list?

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