The problem with bitcoin
pressing it into production leads to a number of practical issues. Ownership and governance matters, not just weeb site bitcoin exchange the tech behind. How much it will interact with the rest of the world is an open question. Spending a countrys worth of electricity to secure a seven transaction per second payment network is not just inherently ludicrous its insufficient. Do they disclose their identities or are they operating anonymously? Defiance will only stick for so long. A lot of people (especially older generations) struggle with the fact that you cant hold a Bitcoin in your hands. For some reason, Bitcoiners think, what about the energy used by the existing financial system?
Blockchain is a digitized, distributed and secure ledger that guarantees immutable transactions and solves the trust problem when two parties exchange value. Its pretty hard to get left behind. Therell be something called Bitcoin, descended from the present software and blockchain, for decades.
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Investors own Bitcoin, it means the artificial scarcity it creates is an example of morbid gamification and speculative attractiveness motivated more by greed, than decentralization. Lets get real here: 1,000 (Bitcoin Whales) people own 40 Percent of the Market. Whats the incentive for me as a Millennial to even care about it? Although then bitcoin an welchem wochentag you have the problem of cross-chain arbitrage. Google the shit out of them to find out things like: Where is the service located?
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