Bitcoin:
Banking without Banks


It's time to do a crossover blog between invizibiz.biz and TheBitcoinCPA.com. We have the same philosophy at both sites: Empower entrepreneurs and business owners with technology for maximum peace of mind. The Ultimate Paperless Back Office™ by invizibiz™ is the best virtual bookkeeping services available using current thinking and technology while The Ultimate Bitcoin Business Series™ by The Bitcoin CPA™ is future thinking and technology of 21st century money and the transformation of business as we know it. The future, Bitcoins, Blockchains and Cryptocurrency, is now. 

Internet

Everyone wishes they knew in 1994 what they know now about the internet. The internet is still young at less than 25 years in the making, yet it was a once in a lifetime opportunity in the early days. The chances of two once in a lifetime opportunities happening in one generation is super rare so this blog is your gateway to the second one, bitcoin the original cryptocurrency. Get a copy of my book, The Ultimate Bitcoin Business Guide: For Entrepreneurs and Business Advisors™ so you don't get left behind and miss out this time. 

Banking Burnout Bonanza™

Bitcoin is a technology whose first use case was bitcoin the digital currency. It took my entire 300+ page book to distinguish this earth shattering paradigm which has no roots in the existing world. It becomes a challenge to answer the question when someone asks, "what is bitcoin?" The solution is boiling it down to one sentence. My answer is, "Bitcoin is doing a banking transaction on a banking holiday without using a bank." One of the chapters in my book aptly named Banking Burnout Bonanza™ reminds business owners of the numbing effects of the one choice rusty old rail model called banks. Bitcoin is everything that banks are NOT. 

Boiled Down

After writing the book I realized banking boils down to three simple things that no one likes:

Burnout #1) Waiting a long time to use your own money

Burnout #2) Paying lots of fees to use your own money

Burnout #3) Having your peace of mind stolen by the headaches of using your own money

What would you boil banking down to? Business owners in the trenches of business warfare know all about these banking burnouts. 

Super Hero

Thankfully 21st century money was born in 2009. Bitcoin our Modern Day Financial Super Hero™ saves the day with the gift of financial choice.

If you like risking money with third party institutions who proved themselves fully untrustworthy in 2008, then continue using them as you have in the past. If you like the idea of being 100% responsible with your money without the risk of third party banks, then you're going to love bitcoin. 

Friction 

Banking can be summed up in one word, friction. Bitcoin eliminates friction. Go send an international wire and then send someone bitcoin and you'll learn the difference between bitcoin and banks in one afternoon. Actually you'll feel the power of bitcoin in 10 minutes, but you'll have to wait several days for the wire to show up. Wires are supposed to be the fastest tool available yet bankers don't know exactly where the money is when you do a status check. 

Bitcoin 

Sending money is easy peasy with bitcoin. You can send bitcoin from an iPhone any time of day or night almost instantaneously to your friend standing in a Chinese rice patty or to your business associate who can't stand international wires. No waiting, no wondering, no ridiculous fees and most importantly no headaches. So what are you waiting for? Get your copy of The Ultimate Bitcoin Business Guide™ in audiobook, eBook and paperback and eliminate the Banking Burnout Bonanza™ in your business and personal life. Stay on top of this emerging technology at The Ultimate Bitcoin Business Blog™.

 Kirk Phillips, The Bitcoin CPA™