Bitcoin is a Bank Account in the Cloud

Bitcoin Description

• Bitcoin is a decentralized, cloud-based bank account
• Not controlled by any government (e.g. Swiss or American)
• Enforced by all participants in the network

Key Characteristics

• Distributed database (blockchain) held in the cloud
• Cryptographically secure, unable to be broken

Benefits

• Perfect store of value
• Personal bank account in the cloud, beyond external control