I'm doing a masters in law borrow money till payday Lots of transactions that people want to do anonymously or cross border. For example, there are a lot of parts of the world where you have to conduct transactions in the local currency but people don’t want to actually own the local currency because they don’t trust it: Bitcoin’s very good for that kind of thing. It’s a good way to move money internationally, there are no fees for moving Bitcoin. I take dollars, convert them to Bitcoin, I send the Bitcoin to you, you take the Bitcoin, convert them into yen and nobody’s taking any fees on that transaction other than potentially the transaction from dollar to Bitcoin and Bitcoin to yen.