The "why" of bitcoin and cryptocurrency

Most people get the “what” of bitcoin. It’s the “why” they have trouble with. Why do we need bitcoin?

The why of bitcoin is actually pretty simple. Many of us think we’re going to need new ways to buy stuff, store value and transfer money in the future. We think we’ll need an alternative to fiat money because fiat is directly tied to all the debt that’s piling up around the globe. When debt becomes a problem, the currency eventually becomes a problem. Historically, debilitating inflation is the result. Bitcoin opens the door to a different path for the world to take. Instead of spending too much, piling up debt and creating money out of thin air, we could start to live within our means by using sound money (like bitcoin) to do our business.

Explaining why cryptocurrency matters to people new to the industry can be tricky. But after testing about 20 different methods, I’ve settled on a basic approach that’s getting great results.Each bitcoin can be broken up into 100 million pieces, so it’s highly divisible. You can send $0.10 worth of bitcoin or $10 million worth to someone just as easily. It all runs on a decentralized network of servers all over the world, operates 24 hours a day and has a nearly flawless security record.
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