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Review on Bitcoin by Don Smith
Bitcoin will be a major player for a fairly long time, but the emergence of…
Bitcoin will be a major player for a fairly long time, but the emergence of mega-miners has made the decentralization argument weaker. Also, the size of the chain at this point makes validation slow and costly.
Satoshi Nakamoto was brilliant in creating BTC, but this, like many other first-gen technologies, will be displaced. ZYou can buy bitcoin now and it will participate in the next major bull run, but it's dominance will surely slip below 50% in this year and we will see BTC stagnate in value relative to more modern projects.
Pros
- "BTC better at being gold than gold." - Tyler Winklevoss. The granddaddy of them all, inherent value due to it's first-mover status.
Cons
- Scalability Centralization by major mining interests Slow Expensive transaction fees, comparatively speaking.
