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Review on Bitcoin by Thoi Het
Someone said the bitcoin would be outdated. then that means if blockchainโฆ
Someone said the bitcoin would be outdated. then that means if blockchain should become obsolete, then I think bitcoin will follow suite. because blockchain is the technology on which bitcoin was built. If there should come a day when blockchain will be an old system and not in use anymore, then all coins must die. But I strongly doubt this imaginary idea shall come to pass.
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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
- It is not easy to use bitcoin: Without the knowledge of the technology and the real understanding of bitcoin, it is difficult to use as well as deal with it, as described in the previous section to use bitcoin. bitcoin, and change bitcoin to cash. So for those who do not know about information technology, it is recommended that experienced people guide them to perform these tasks.
