I attended the above titled talk by Zann Kwan, who is the founder of Numistic Pte Ltd and Bitcoin Exchange (operating the Bitcoin ATMs in Singapore). I will recount some pointers which I have found useful to better understand Bitcoin.

Open Source – No one owns or control Bitcoin

Unlike currencies which are controlled by governments, Bitcoin is not owned by anyone. It is decentralised and transactions are verified by users on the Bitcoin network. Importantly, no government has the power to shut down Bitcoin unless they are able to shut down the internet.

Transparency - a dream come true for law enforcement

Bitcoin was pictured as the dream for crooks and drug lords. But she begged to differ. Bitcoin is pseudonymous, not anonymous. All bitcoin transactions are logged in a public ledger which anyone can access. For example, blockchain.info broadcasts every transaction. This is transparent and law enforcers can trace the transactions right back ......