1 Level
11 Review
7 Karma
Review on Bitcoin by Thu Trang
There is a large community that contributes to bitcoin growth and contributes…
There is a large community that contributes to bitcoin growth and contributes to every code being well, so I want to believe that as technology evolves, bitcoin will also keep up with this technological evolution, this is clear to me. there are a lot of people using bitcoin and these people are always going to expect good things coming from bitcoin and the community will contribute to bitcoin growth. I do not see how bitcoin would be obsolete.
Pros
- With the lightning network and much lesser fees compared to last year, I think there is an improvement when it comes to bitcoin as a currency but if and only if the time comes that bitcoins supply limit will be reached and the demand to acquire bitcoin increases then I do believe bitcoin at this very moment in time will never be used as a currency but just an investment vehicle or a store of value because I'm pretty sure the value of bitcoin will skyrocket.
Cons
- Despite the fact that investments prospects of bitcoin outweigh its status as a currency does not mean bitcoin has failed entirely in being a currency. For bitcoin to have withstood all the backlashes, especially form this year and still exist should tell you that bitcoin is just a stone throw away to being accepted by bigger companies in the future.
