Post
Topic
Board Beginners & Help
Re: Is Bitcoin still Beta Software
by
Fiatless
on 05/08/2023, 08:46:45 UTC
Quote
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
I noticed the quote above at the bottom of one of the first pages of the thread. I have never really thought or seen Bitcoin as beta software. It has been here for the past 14 years, and we have seen several releases in the Bitcoin core, with the latest being 25.0. Is it still beta software? If yes, how would we know that it is no longer beta software?

For the second statement, it is good advice not to put all our money into Bitcoin. What would we call people who go against this rule? Gamblers? High-risk takers, or just plain stupid. I'll bet on Bitcoin. Would you?
It is not a comment to discredit Bitcoin or to discourage people from investing in the coin. But this is just investment advice for everyone. Of course, I have total confidence in Bitcoin as an investment, but it is always better to play by the rules. Investing what you can afford to lose is the rule of the game. But if you are a high-risk taker, you can be lucky to earn more but you can also lose all.

Maybe Bitcoin become a legal tender is still experimental since only two country currently accept that, but Bitcoin itself isn't experimental anymore.
For now, it is just El Salvador that is that still accepts Bitcoin as legal tender. Last year the Central African Republic parliament made a law reversing the statute that made Bitcoin a legal tender in the country. So bitcoin is not a legal tender in CAR for now.