Bitcoin is the first digitally native money, un like your online checking account, which is just a digital form of central bank fiat.

Bitcoin is decentralized digital currency.

Bitcoin has no central authority.

Bitcoin is stateless.

Consider the implications ...

Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network.

~ Bitcoin Wiki
en.bitcoin.it