Every new innovation comes with its share of skepticism. Human psychology inherently does not allow destructive changes. This is also the case with BitCoin. There are multiple news in the media about BitCoin’s evolution & how it poses threat to established payment system & currencies.
BitCoin system shows prominent advantages over any regular payment system:
1. Higher transaction speed
2. Distributed arbitration
3. Lower Cost
4. Micropayment at dirt cheap cost
5. Censorship resistant
While the current news is driven by censorship of the transaction, as people get more educated and aware, there will more news about the other aspects of BitCoin.
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