Post
Topic
Board Economics
Re: Bitcoin or gold?
by
AleksBozhinov
on 13/11/2017, 15:19:41 UTC
Bitcoin has hit three speed bumps in its market perception and evolution. None of these present a serious impediment to long-term adoption and growth:

First, it was the perception that cryptocurrency was a tool of crime, vice or tax evasion. This proved to be a false perception.

Then, it was the mismanagement and/or insolvency of exchanges and hosted wallet services. One might expect such events before the emergence of standards & practices and trusted accreditation bureaus. In any event, they are moot to early adopters that understand the tools.

And now there exists a ‘forking crisis’ which is a result of a reduced mining reward, increased computational complexity and differences of opinion about solving transaction problems that are not really so hard to resolve.