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Type of review

Revainrating 3 out of 5

Bitcoin CAN work. The question is if the people leading the charge will let it…

Bitcoin CAN work. The question is if the people leading the charge will let it. We could see a time where people abandon Bitcoin for the ever-adapting alternatives. In one future, Bitcoin is old standby of the crypto world: not amazing at anything, but reliable, popular and good enough at everything. In another future, the people at the helm of the Bitcoin ship let greed sink the whole enterprise. The entire industry is growing. While a rising tide lifts all boats, Bitcoin might not fix its…

Pros
  • Most popular crypto, something like the front-runner and backbone of the entire crypto market. Easy to buy with fiat currency. While still not that easy, for sure the easiest in the market. Big potential. Many people trying to develop for and "fix" Bitcoin. If only a few new technologies were implemented, the majority of Bitcoin's problems could be fixed.
Cons
  • In its current state, it doesn't really have very many use cases. Digital gold? I guess. That's not what it was designed to be, but that may be what it ends up being relegated to. Here's why: The base technology doesn't process enough transactions to be useful. The fees are absurd. Intense political strife and many very vested interests stop Bitcoin from reaching its potential. Miners and businessmen making money hand-over-fist don't want to implement the technology that would fix the problems above because it would make them less money.

Revainrating 2 out of 5

Father of all currencies, that got hijacked in 2016

Father of all currencies, that got hijacked in 2016

Pros
  • - incredibly secure - a lot of pairings - time tested
Cons
  • - semi-centralized because of asics - costly to transfer - hijacked by miners - lightning network is basically a scam. Model of LN is basically a banking model that created great recession

Revainrating 4 out of 5

Bitcoin is the No.1 cryptocurrency which popularity goes beyond cryptocommunity…

Bitcoin is the No.1 cryptocurrency which popularity goes beyond cryptocommunity, nowadays everyone knows about bitcoin. It has problems, but its strong community is always there to solve them. Probably in several years Bitcoin will become the largest alternative to fiat money, but blockchain technology is so much more than that. While we are gradually discovering new possibilities of this new technology, it becomes clear that soon we're going to need other blockchain to become number 1.

Pros
  • Strong, large community of programmers driven by theirs common idealistic vision of future, fast(SW activated, LN activated, Schnorr is on the way), low transaction fees
Cons
  • Bitcoin is "blockchain 1.0", no smart-contracts, no dapps, mining, not enough privacy

Revainrating 4 out of 5

Bitcoins have captured the attention of financial speculators, con-men, and…

Bitcoins have captured the attention of financial speculators, con-men, and cyber punks alike. Are bitcoins a real solution to the need for a transaction system suited to the Internet Age thats really the question. But at the moment, bitcoin have a very high fees and it's suitable to use it as a daily payment method.

Pros
  • Easy to transfer, well known.
Cons
  • High fees, not suitable for micro payments, sometimes the transaction took a long time to get confirmation.

Revainrating 3 out of 5

overall it is the leading cryptocurrency with the highest market capitalization…

overall it is the leading cryptocurrency with the highest market capitalization. it works well as a mean of storage rather than daily use payment currency.

Pros
  • Well matured and dominating the crypto market.
Cons
  • It is slow compared to other cryptocurrencies and getting slower with time. it also got very high transaction fees which makes it inconvenient when it comes to micro transactions.

Revainrating 4 out of 5

Overall, it had a normal start. The intermediate phase was really awesome…

Overall, it had a normal start. The intermediate phase was really awesome. People who HODL reaped its benefits. Now, the future of this coin depends on the support of the community developers.

Pros
  • The crypto frenzy started with this coin's popularity. Anonymity of the founder. It helped the community participate actively. No pre-mine. Attractive investment.
Cons
  • Can withstand less number of transactions per second. So, the fees have increased manifold. The vision of Satoshi Nakamoto - one CPU, one vote - has been defeated by the use of ASICs.

Revainrating 4 out of 5

The #1 cryptocurrency!

The #1 cryptocurrency!

Pros
  • Mother of all cryptos.
Cons
  • Need to improve scalability - to be able to process more transactions at much lower fees.