good and bad of Bitcoin

in bitcoin •  6 years ago 


As you can see from the points above, Bitcoin has a lot of positives and negatives attached to
it currently. Because it's decentralized and generally has low fees for transactions, many
people are starting to take notice and get excited about this and other cryptocurrencies.
Another thing to note is that some people worry about who controls the Bitcoin network. The
reality is that because it uses peer-to-peer technology, no one person or corporation can own
the Bitcoin network. This may seem scary to some while it's revolutionary and exciting to
others.
The need for all versions of Bitcoin software to be compatible and be able to communicate with
each other is paramount to Bitcoin's success. Luckily, most people who are involved realize
this and have worked together to improve the Bitcoin software and network considerably in just
a few short years 6The fact that Bitcoin is different than anything else that was around when it first came out is
both good and bad, but at the end of the day it makes Bitcoin unique and special. And this just
might be what's able to help Bitcoin grow even more quickly around the world. This may turn
out to be the financial system that brings the world together.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://bitcoinbasics101.com/wp-content/uploads/2014/11/Bitcoin-Basics-101-eBook.pdf

Good and nice providing news I liked