A long time ago only computer programmers and tech nerds knew what a bitcoin was, how to store it and where to buy one. In I'm just going to go ahead and say it, Bitcoin has become mainstream. Because of this huge return, more people are becoming interested in possibly owning some Bitcoins hoping to make a fast fortune.
That would be very risky. Furthermore there will only ever be a maximum of 21 Bitcoin article in forbes bitcoins in existence. How many dollars will be printed? What is economic freedom worth to people and would you rather hold your own money bitcoin in a hardware wallet or do you trust a bank to hold it for you more? What makes Bitcoins unique, versus other currencies, is that there is no financial system, like the U. Federal Reserve, managing their existence and value.
Instead Bitcoins are managed by a bunch of users who track them via blockchain technology. And Blockchain technology itself is not inherently a problem, since there are folks figuring out all kinds of uses, like accounting, using blockchain. It is the fact that no central bank controls Bitcoin production that makes them a unique currency. Independent people watch who buys and sells, and owns, Bitcoins, and in bitcoin article in forbes general fashion make a market in Bitcoins.
This makes Bitcoins very different from dollars, euros or rupees. Bitcoin article in forbes is no "good faith and credit" of the government standing behind the currency. Federal Reserve doesn't bitcoin article in forbes their existence? I would say this is a benefit rather than a disadvantage.
Isn't the Federal Reserve also responsible for many of the economic decisions made in regard to the management of the U. How much debt does America have at bitcoin article in forbes point again? Oh, thats right, only about 20 Trillion Dollars. Last I read South Korea has declared it legal so this author clearly doesn't know what he is talking about Bring some sources next time buddy Honestly, I could just keep going on and on with this train of thought but what's the point?
Once you read an article that has so many mistakes and unsupported facts being peddled as truth to an uneducated mainstream that doesn't understand the technology beyond what's said on CNN and Forbes, there's really no point reading any further. The only disadvantages of Bitcoin is the more-than-normal volatility bitcoin article in forbes market has, and even that has been reducing with the increasing market cap.
What I think is funny is that this writer is so misinformed at least I'll give him the benefit of the doubt because if not then he is promoting an agenda to discredit a return to accountability and decentralization of money.
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Award for the number of upvotes received. Here's several more points that I would like to rebut: There is no government standing behind Bitcoin? Is that statement completely true?
Techblogger Wrap Up Honestly, I could just keep going on and on with this train of thought but what's the point? Here's the link to the article for your own review: Please leave thoughts, comments and feedback below! Authors get paid when people like you upvote their post. I enjoyed reading this. Well put together and informed. You have completed some achievement on Steemit and have been rewarded with new badge s: Award for the number of posts published Click on any badge to view your own Board of Honor on SteemitBoard.
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