Bitcoin is a peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending.
EncFS is an encrypted pass-through filesystem which runs in userspace on Linux (using the FUSE kernel module). Similar in design to CFS and other pass-through filesystems, all data is encrypted and stored in the underlying filesystem. Unlike loopback filesystems, there is no predetermined or pre-allocated filesystem size.