Indonesian people are becoming interested in using bitcoin as a means of payment in the country. The proof of the official website selling and buying bitcoin has come to decorate the virtual world in the country.
The currency that is associated with the name of Satoshi Nakamoto as its inventor is known to be incorporated. That is, the government is not responsible for various other transactions.
However, bitcoin is known as a counterfeit exchange medium. More details, following advantages and disadvantages of using bitcoin as a means of payment:
Security
Unlike conventional coinage-prone currencies, the cryptographic rules applied to bitcoin make their owners avoid the same risks.
Able to play a global currency.
Although each country has its own currency, bitcoin remains present and enters it. Bitcoin knows no national borders, does not waver due to political conditions in government, and is not affected by anything.
As a protector of inflation.
Like gold, bitcoin is thought to act as a protected value of inflation. Bitcoin can suppress excessive inflation rate.
Savings.
Bitcoin is a new form of community savings that is applied with a system that is not troublesome. In addition to saving bitcoin, all the usual financial intermediaries in banks can be eliminated. The holders also do not need to pay service fees and registration.