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Kategori : Bitcoin
Bitcoin is not supported by this type of large companies, and this is why it has a slow progression, with the first policy consensus.
However, industry needs bitcoin-class teams of developers to catch up with the needs of the consumer.
Many proposals aimed at improving the scalability, such as lightning network, but they are too far from the stage of implementation. So the increase in block needed and because there are infinite ways to increase the limit, there are infinite many different opinions, making consensus was hardly easy.
The fluctuations are the main killer for bitcoin go mainstream. Daily swing of thousand dollars will cause the business to start and a daily tongue collapse that's why businesses use bitpay etc. All we need is a small fluctuations when the bitcoin main go. The only way a bitcoin can take over is dead or if fiat fiat about businesses will be hesitant to hold the advantage in the bitcoin.
The main problem is the vulnerability of the Bitcoin. I mean it's too easy for a skilled hacker to issue coins from people who are new to it or even the average user as well and when viewed from the other side it is also vulnerable as the price is really fuctuates about 40% each month. This is something that is beneficial for people who are into the trade but for the rest of the people who use it for purposes other than trade may have to face the worst circumstances.
Security is still a major problem and the biggest challenge for mainstream adoption in my opinion. People just suck in online security, proven many times. We need to go forward many of these areas if we are to the average Joe put his hand on bitcoins. I mean, their bank is not a Bitcoin will refund your money if you get hacked. Here, when you screw up you have messed up and lose your money.
There has been much discussion in recent weeks about the Bitcoin, online virtual currency whose value has been extremely volatile lately. The currency can be traced because must have cash usage for some people, but there's one aspect of it that has not been fully considered yet but electronic: its uniqueness may not last.
The national currency has one big advantage over currencies as Bitcoin: they usually don't face much competition. It is true that countries with weak currencies sometimes use the dollar, the Euro, or even Smoking as an alternative or parallel exchange media. In General, however, the national currency is a useful focal point; The Government requires that everyone take it in transactions, and so everyone can agree to use it. That is what makes it valuable.
Bitcoin is not so well defined as the currency compared with the dollar or yuan, and thus its uniqueness is much more clear. Currencies based on algorithms that mysterious anonymous originator. No one really knows whether the algorithm can reliably produce Bitcoins as promised, or who will be responsible for errors or fraud; There is no definitive monetary authority.
It's a problem happens, electronic new currency, perhaps one that is entrusted in a way that is more transparent, may arise. If people are beneficial Bitcoin anonymity, virtuality, and globality to switch to this new currency, the value of Bitcoins will fall. The reason is simple: Bitcoin on exchange rates with other currencies depending on demand and; If no one wants Bitcoins, they're worthless. And Bitcoin need not have difficulties to new currency appear. Architect of the new eye just needs to create architecture that people prefer.
Of course, people will not switch from the popular currency for minor repairs. But only virtual currency Bitcoin first to make it big — and you can bet it won't be the last.
The level of acceptance and regulatory issues is one of the main issues surrounding the Bitcoin. While most transactions can be accepted by traders after it is spread throughout the network, some great deals can only be accepted by merchants if there is a confirmation. In the event there is a stress test of the network, while a confirmation could take longer. This IMO, is unobstructed adoption Bitcoin.
The nature of the Bitcoin pseudonym. This will allow people to have the address of the Bitcoin and have them without any identity verification and can be difficult to track down if the procedure is done. Regulators have a tough time arranging them like this raises tax invasion and money laundering. These need to be resolved before Government
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