Many write about the advantages of Bitcoin without mentioning its disadvantages. I would like to fill this gap. Bitcoin how it can be useful to us in everyday life, If everything goes wrong and you keep it forever.
1. Can it be admired as a work of art? No, it is not beautiful or aesthetically pleasing.
2 Can it be used for transportation - no, it is impractical and uncomfortable.
3 Can it be worn like clothing or jewelry - No, it is uncomfortable.
4 Can it be a means of capital growth - partially, as I believe it is overvalued and overbought (when considering investments in digital currency, there are many more worthy altcoins that currently have an acceptable entry point)
5 Can it be a means of capital preservation - partially, as it is very volatile
6 Can it serve as a means of payment - partially, occasionally in specific places
7 Is it something progressive and technological - no, many similar technologies have been created in the world that surpass it in these characteristics.
8 Is there any way to return the energy spent on its production - no, under any circumstances, it is not environmentally friendly as it consumes a huge amount of electricity for its own production.
Focusing enormous capitalization on Bitcoin hinders the promotion and growth of alternative coins and technologies.
