TALKING ABOUT A REVOLUTION - Bitcoin
Bitcoin’s price tag is over $1300 now, what’s does other digital currencies have to take from the adoption of the blockchain technology since bitcoin is the anchor to which every system associated with this technology is based on. Why bitcoin? It the first to use this technology and the most successful so far, don’t forget its dominance as far of digital currency is concerned. What about its ecosystem? Many companies to establishments are accepting the cryptocurreny as a means of payment. Scaling its value over the price of an ounce of gold is why everyone is to the concession that it’s a digital gold. Which is why the masses are flocking to invest or have a share in its growth.
Bitcoin didn’t start as successful as it is right about now, it had its pitfall and boy were they the stuff that made heroes in every classic tale. Should one base the currency’s volatileness as what makes traders and market analysts find success in their job description or benefit from the profit of its investment portfolio, little would I say it’s so. Because of its success, many bogus coins had sprung front with the notion of utilizing the blockchain technology or what many IT expert term as a DLT (Distributed ledger technology). Its decentralization is the stuff of legends as anonymity is what most of it users are opting for. These are the spoils that are casting a black sheep perception to what the blockchain have to offer.
When humanity evolves and find their present system flaw to their development and environment, we term this as revolution and bitcoin came through to revolutionize the present payment systems we have. It also will be met with the challenges new changes encounters. One, the doubt of if sustainability then others too numerous to mention.
If you know of any other digital currency you think can make a difference, please do share because steemit has being bridging my notion of blogging every day since I started using it.
My end note for this piece is, cryptocurrency have come to stay so try as much as possible to educate others on its practices. I remain @fredtomsyn as always.