Since I started studying bitcoins a few days ago, I've learned about their influence on the global economy and their many benefits and drawbacks. However, because to my research, I now have a better understanding of how quickly bitcoins are spreading throughout society.
After conducting this research, I came up with a number of topics that I'd want to have us address in this format in order to help traders, investors, and other bitcoin owners improve their efforts and keep utilizing the currencies as their primary means of payment.
These inquiries are listed below.
1. What do you think about the influence of bitcoins on the worldwide economy?
2. Do you believe that Bitcoin will one day replace traditional currencies?
3. Do you believe that bitcoin will unquestionably displace current financial and economic systems?
The actual adoption rate is not so high, since nearly none of the business initiatives accept payments directly in
BTC. This makes exchange hubs (ruled by the world's main banks) "owners" of bitcoin. They create its value by controlling fiat-crypto exchange rate. This brings a really serious drawback: de facto centralisation of presumably decentralised project. Moreover, in this situation, the "owners" of
BTC and "owners" of dollar (and other fiats) tend to be the same structures (worlds main banks and worlds richest tycoons). This is a serious drawback, which, I hope, will be somehow eliminated in some time.