Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: What Is Bitcoin: Internet’s Native Money or Asset for Speculation?
by
viennemariela
on 06/02/2020, 15:05:04 UTC
⭐ Merited by webtricks (1)
A story has two sides always. And for this topic, Bitcoin has people opposing and cheering for it. We may have been repeatedly hearing about Bitcoins advantages such as its easy storage value, low and predictable inflation rate, censorship resistance, low costs and speed in transaction, and security. However, there are also disadvantages that hinders Bitcoin's acceptance among people. This includes its speculative property, high volatility, deflationary nature, transaction irreversibility, and real problems when some things were ommitted.

But I think before all of these points, it is necessary not only to consider the country and its economy, it is better to survey people and understand the different modes of living of people. Depending on what country and way of living, it should be considered for the global community the feeding of Bitcoin among users. It is very unlikely for people to trust something they don't know or doesn't experience. So I think a trial that is first hand must be given.