Since we know what bitcoin is(read on the graph) we can talk about it.
I have concerns about bitcoin. Let us discuss them(but in a calm discussion).
All of it is risk -> high risk means high profit or loss.
What do you think?
I have concerns about bitcoin. Let us discuss them(but in a calm discussion).
- 1)The fundamental aspect of institutionless transactions(no trusted party)
"As such, the verification is reliable as long as honest nodes control the network" It means that we must trust everybody else (trusted party)? Isn't it better to trust a legal entity like a bank than bitcoin holders?
"if the attacker doesn't make a lucky lunge forward early on, his chances become vanishingly small as he falls further behind" What about people who saw the "potential" of bitcoin early when it was cheap?
What about the inventor? We don't know who he is? Maybe he has done something to be the attacker in the future? Is not he a trusted party?
- 2)The price of the bitcoin
Since the only purpose of bitcoin is to eliminate the transitions fees the max price for bitcoin is ~5000$/it means that bitcoin is a bubble(it may grow until the whole economy will cost less).
- 3)The jobs in the sector of transactions(640 million $ are there)
- 4)Legislation
Since there is almost none of it, bitcoin is used for criminal purposes.
- 5)Mt. Gox.
All of it is risk -> high risk means high profit or loss.
What do you think?
