Security? Crime? Inflation?
bitcoin is money and thus serves the same functions that any money does: a medium of exchange, a unit of account, and a store of value.But can it prominently satisfy all these functions?
First of all bitcoin is sadly limited not unlimited biggest fault. Secondly government can’t charge any tax on it so they won’t allow it. One can never know the real identity of a person in bitcoin transactions, so if you are scammed you can’t do any thing about it. Then the biggest nightmare is the speed of the transactions sometimes it takes days and weeks. Oh and I forgot to add you need to pay fees. So government accepting all this is difficult, but then recently Japan gas accepted it, so this could be a game changer.
Published at Mon, 24 Apr 2017 05:06:11 +0000
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By juan tan kwon on 2017-01-13 13:30:20
