1 Level
5 Review
9 Karma
Review on Bitcoin by Vladimir Lesnikov
In theory, bitcoin looks like a great opportunity to jump on a new technology…
In theory, bitcoin looks like a great opportunity to jump on a new technology before it gains momentum but in practice things are much murkier.
Pros
- It is the equivalent of digital gold. The value of the coin is likely to go up before the speculation bubble pops. It is a hedge against market uncertainty.
Cons
- It is not tangible. As the first digital coin, bitcoin has a litany of successor coins that improved on the coin’s flaws, including its artificial scarcity, its slow transaction processing time, and its inflexibility toward being used for customized applications. Bitcoin’s value shifts wildly and suddenly.
