Honestly, I was shocked by the narrative because so far, the most prevalent claims against Bitcoin I’ve heard were criminals, pedophiles, and terrorists use it. The most famous modern Ponzi scheme is Madoff Securities, which Bernie Madoff kept running for about forty years. Ponzi scheme organizers often promise to invest your money and generate high […]
The large amount of computational power required to solve the preimage hash puzzles renders it so that true decentralization in Bitcoin will always be a mere pipe dream. We see that very clearly today, with most network hashing power coming from only a few of the largest mining pools. In January 2018, Bitcoin Core developer Greg […]
Bitcoin can be adopted fully by the mainstream but I doubt if it will ever fit in. In fact, for them, it’s a risk from all angles because the government doesn’t accept what it can’t control. The concept of bitcoin may look like it might fit mainstream finance for now but this is all because […]
Still, by 2019, Bitcoin outperformed even the best stocks, and last year, new cryptocurrency funds and futures attracted investors while the global economy slowed. What makes Bitcoin such an attractive investment right now? Thanks to its practice of keeping a finite supply and reducing the rate of new supply every 4 years, Bitcoin is seen […]