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Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So


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The New York Times
SOURCE: https://www.ccn.com/is-bitcoin-fundamentally-incapable-of-mass-adoption-the-economist-thinks-so
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Summary

An interesting point to make: Bitcoin over the past three years has been the best and worst performing asset to hold. Bitcoin Core supporters believe expanding block size is unreasonably burdensome on miners and full nodes, while Bitcoin Cash supporters point out that even Lightning Network may not be best suited for making micro-payments.The Economist speaks to the nature of Bitcoin’s actual transaction volume and notes a recent falsified report about the amount of value actually processed by the Bitcoin blockchain in 2018.Allegedly, an absurd group of Bitcoin fanatics claimed $3.3 trillion – a figure which included “change” transactions. If you want to control your financial future, owning your money – instead of keeping it in the custody of some banker you barely know – is vital.The article only discusses Bitcoin, of course.Yet, it takes a serious level of closed-mindedness to believe that Bitcoin is the only possible winner in the cryptocurrency race.

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