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2017
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The fault is this guy. Everyone knows that the network must be chosen correctly....
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THE REALITY OF $BTC The original cryptocurrency, has been on a wild ride since its creation in 2009. Ranging from a few thousand dollars to tens of thousands of dollars... Values of other cryptocurrencies such as Dogecoin have risen and fallen even more sharply, often based just on Elon Musk’s tweets. Today the total market value of all cryptos is over $3.0 trillion, INSANE...as they are just virtual objects that are nothing more than codes on a network! Bitcoin was created to conduct transactions without the intervention of a third party, such as a bank...It enabled transactions using only digital identities, granting users anonymity. It powered illegal online commerce...and made hackers happy. With time...Bitcoin became slow, and expensive to use...the unstable value has also made it an unviable medium of exchange. Moreover, it was proven that Bitcoin did not offer true anonymity...as FBI can track criminals that use BTC Ironically, Computer algorithms could worsen entrenched racial and other biases in credit scoring and financial decisions, rather than reducing them. Unlike gold, Bitcoin lacks tangible substance. It rests solely on the consensus of its user community – a volatile and potentially fleeting trust. This extreme volatility is often cited as evidence of its intrinsic fragility. The wild price swings render BTC unpredictable, disqualifying it, according to some experts, as a reliable store of value. This financial instability highlights the speculative aspect of Bitcoin, distancing it from the image of a stable and enduring currency.... Ultimately the creator of BTC revolutionized the way we live....for BETTER and WORSE.
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