No matter what you think of Bitcoin, I think it's clear that the more the value goes up, the more attacks will keep coming.
Attacks can come from governments banning/restricting on/off ramps to the block-chain (https://twitter.com/paddi_hansen/status/1508895711655612426 check this thread about the upcoming EU vote on Thursday, that has an impact on self-hosted wallets);
or from governments banning mining due to the significant energy use it requires (just to break "our info bubble" a bit, take a few minutes to read the comments on this ArsTechnica article).
Sure, banks and governments will fight tooth and nail against something they can't control, but Bitcoin is already a store of value, the block-chain is already more transparent than off-shore financing or cash. Bitcoin is an elegant idea, and block-chain users will probably find a way to adapt to the ever shifting economical and political shape of the world.
But it won't be easy. Attacks will keep coming. Bitcoin energy use is significant, there is no way around it, and the majority of people still associate it with a get rich quick scheme. The only way for Bitcoin to be successful long term, is a change in public perception.
A secure, decentralized, p2p economic network, that also acts as a store of value, is worth consuming energy for. We just need to get the message out as much as possible.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments