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Bitcoins has several necessary steps that should be implemented to ensure that individuals have a solid level of protection and control over their money.

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The technologies used for Bitcoin transaction are all compatible hence individuals have the option to use any software they prefer. It works just like emails; you can send a message to any person regardless of the site he used.

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We are used to the normal regulations of banks making people wait for at least three to five business days, incurring an extra fee for international transfer or limitation to the maximum or minimum that one is allowed to send, but with Bitcoins, no such regulation exists.

The available wallets let you decide how hefty a fee to pay before spending, for receivers, Bitcoins come at no fee. All wallets have a set reasonable default fees but for faster confirmation of transactions, the higher the fee the better it becomes.

The amount of fees paid is not directly proportional to a number of Bitcoins transacted hence you can send one hundred thousand Bitcoins at the same fee as of one Bitcoin.

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Bitcoins is still a new currency in the world and a lot of people still do not know its availability or how it is used.

The amount of businesses accepting Bitcoins is still small and this numbers should significantly grow for it to benefit from network effects.

Never before has this world experienced such a start-up currency, it is an exciting and interesting new venture.

The overall value of Bitcoins in circulation and the businesses involved is small thus small events or business activities can easily affect its price.

The positive from this disadvantage is that the volatility will decrease as the Bitcoin technology matures. Bitcoin software?

New services and tools are springing up daily to make it more accessible and secure to the masses. With time, bitcoin businesses will start to offer insurance hence becoming more acceptable.

People trust Bitcoins due to the fact that it requires no trust. It is a decentralized and open source hence anyone can go through the whole source code at will.

Any knowledgeable developer in the world can decode how Bitcoin work. Any ongoing transaction can be visibly consulted in real time by both users.

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