According to a study, the digital currency Bitcoin has hardly any chances of competing against classical currencies in the long term.
From a macroeconomic point of view, the design of cryptography is not suitable for building a new monetary system, according to the study presented by the private bank Berenberg and the Hamburg World Economic Institute (HWWI) on Tuesday in Frankfurt.
Up to now the Bitcoin was hardly accepted by the trade, the authors noted. So there were only 44 shops in Bitcoin-Hochburg Berlin, which accepted the digital currency as payment. Above all, the high volatility, which is a serious problem. "It is not uncommon for bitcoin prices to fluctuate by more than 10 percent within a day.
What do you think about that ? Does bitcoin really have any chances?
Best regards
Welcome to Steemit @steemornot :)
Make sure to participate in this weeks giveaway to get known in the community!
Here are some helpful tips to get you started:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The study is probably payed by some bankar. Cryptos will take over as technology continiues to improove.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cryptocurrency is getting momemtum and start to get into the mainstream population.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly... "according to the study presented by the private bank Berenberg"...Bitcoin has already and will continue to grow and change the world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I find a study that was performed by a (private) bank a little untrustworthy since the crypto's are the biggest threat of the Banking system these days. Of course they're going to try and bring negative information about it in the world.
BlockChain is THE technology of the future. It's still immature so who knows where it'll be in a few years time. But I have all the confidence in it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Without the Gold Standard all currency is cryptocurrency. That's why employers love paying people via direct deposit, save paper my ass.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the price action of bitcoin speaks for itself.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
welcome to steem! followed & upvoted. hope u will do the same..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do try to keep the tags relevant to the content of the posts that you are making. This has nothing to do with Steemit itself or introduceyourself for instance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit