According to David Zimbeck the future of this online currency depends on many factors. As we all know, Bitcoin is totally a decentralized currency, not regulate by any of the central banks of any countries.

1. Bitcoin to replace note currencies:
David Zimbeck
Bitcoinisthe latestbuzzin the online industry.Developedin2009, Bitcoins have become one of the
mostwidelyacceptedcurrenciesinthe online industry.The growingnumberof Bitcoinusershas
made the online shoppingwebsitesandserviceproviderstoacceptthiscurrency.It isnotedsince
the time Bitcoinwasintroducedinthe market,itsvalue have growntoan extentthatnobodywould
have imagined.If the presentgrowthinthe rate of Bitcoincontinues,thenitisestimatedthatthe
currencywill trade at one coinfor $100,000. However,today,the debate liesaswhetherbitcoinis
goingto replace the note currencies.
Accordingto DavidZimbeck the future of thisonline currencydependsonmanyfactors.Aswe all
know,Bitcoinistotallyadecentralizedcurrency,notregulate byanyof the central banksof any
countries.The productionof thiscurrencyjustliesinone factor -- software whichwascreatedby
Satoshi Nakamotoin2009. The software hasa program whichrandomlycreatescurrencies.The
transactionsare done throughan unregulatedpeertopeernetwork.Noneof the governmentshave
control on itsproductionanddistributions.The currencyisalsotradedonline throughvarious
exchanges.Thisonline currencyhadnoimpactof global recessionandeurozone crises.
Businessesandbanksare conductingawarenesscampaignsfortheircustomerstotake upthismode
of payment,asitis stressfree andtime-saving.The mainadvantage isthatyoucan track past
transactionsandexchange rates ona BitcoinChart.The followingare furtherreasonsby David
Zimbeck whyyoushouldputBitcoininyourlistof must-haves:
Universal
Whenyouare travelling,the processof exchangingcurrency isquite cumbersome.Thisisespecially
worse whenyouare goingto more thanone destination.Inaddition,carryinglarge amountsof cash
isnot tiresome butalsorisky.Bitcoinsgive youthe comfortof carryingas muchmoneyas youneed
ina virtual state.Itiscommon amongtradersall overthe worldandhence savesyouthe
inconvenience of dealingwithmore thanone currency.
Less costly
Whenyoutrade usingcash,you are subjectto abruptprice changesin essentialcommodities.You
endup spendingmuchmore thanyouhad budgetedbecause of punitiveexchangerates.Bitcoinsis
a global currencythat has stable ratesandvalue,andwill save youthe time andhighfees.
Secure
Bitcoinsisfraudproof due to the heavycryptographythat goesintoitsmaking.There are no
incidencesof hackingorleakingof people'spersonal information.Whenyouuse the conventional

2. moneytransfermethodsabroad,youare likelytofall intothe handsof hackerswhomightinfiltrate
your bankaccounts.With bitcoins,youalone have accesstoyouraccount and can authorize any
moneyintoandfrom it.
Irreversible
As a seller,youhave probablyexperiencedasituationwhere aclientreversesanalreadycomplete
transaction.Bitcoinsprotectyoufromsuch incidences,asthese transferscannotbe reversed.You
shouldbe careful withyourbitcoinstoavoidtransferringthemtoawrong person.
Convenient
Unlike normal banksthatrequire proof of identificationtoopenanaccount, bitcoinsallowsanyone
to access itwithoutaskingforproof.Transactionsare instantandare not limitedbygeographical
boundariesortime zones,andthere isnopaperworkinvolved.Tojoinbitcoins,youonlyneedto
downloadthe bitcoinwalletandcreate anaccount.
To get more informationonBitcoin clickhere orvisitat:http://proofofdev.com/project/david-zimbeck/