Will Bitcoin Survive?

Hello! Friends,
Today I woke up with a thought and some bitcoin lover may not want to hear this, but again, its looks like prediction and your comment will be well appreciated after this thought.

_{Pixabay: Bitcoin, First Digital Asset}

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Will Bitcoin Survive the test of time? I know many will say yes! Let's look at some factors I need your view on them. It is certain money badger can't be stopped when it comes to bitcoin. New ATH!!! it is buy and Hodlz forever! Just because Bitcoin is a first digital asset in crypto space, it makes, it has the first-mover advantage of surviving. Bitcoin dominating global market share does not make it the only surviving digital asset, but have you look into a number of major flaws that can kill bitcoin? Do you ever think about this? What basis do you base your investment? Are you aware of Model T far back in 1908, it was like Model T has no rival, but if you drive Model T in the street now, you look pretty ridiculous. I can be liking Bitcoin as Model T of the blockchain revolution and you know what crypto moves so quickly and you can confirm from anyone attached to this knowledge. Maybe when Bitcoin clock 100 years, it will be aged. Many other alternative coins/tokens are competing with Bitcoin and it seems like Bitcoin can't die. I will say, a Bitcoin surviving factor is based on half.

Little Flaws Attached To Bitcoin Is Here

• Bitcoin Has No Built-In Governance

The greatest flaw attached to bitcoin and very crucial is lack of built-in governance. Like I mentioned, many bitcoin lovers will not want to hear this. The existing of bitcoin can be changed with this fact. Someone is asking how? It only required a proposal where almost everyone around such proposal will agree and the deal is done, just like what happened with SegWit. It may be very hard like it took 4 years for the adoption of the change (SegWit).

• New Project And Hard Fork

As strong as bitcoin is, starting a new project and hard fork can chase bitcoin off the market. You are shocked by my statement? Well, I might be wrong and I am not against Bitcoin, I had the coin, but I am of this opinion, a well-designed coin, with widespread and build-in governance, will have a great advantage over Bitcoin and such coin can easily replace BTC if such coin continues with its upgrades. This is a long shot for any team that takes a shot of this, but in my opinion with a fork and build in governance, the coin will dominate.

• Scalability

Scalability is a problem well known with bitcoin and to solve this, is not about a change in block size, it really needs something that is more radical. I look from the perspective of China turning the firewall on it, how is it possible to retrofit private relays and other anti-interference code into the system at this late stage? Do you believe that government can wake up one day and decide to spend trillions of dollars on a data center, and also design secret ASICs to run the system? How on heaven miners compete with this?
I know many of you are thinking of what exactly this man driving out of this! I will say, all these flaws are not to kill crypto or bitcoin, but is just a moment for us to think. When you cite a problem, then creative ways to solve it will definitely flow someday.
I will say again bitcoin won't fail because is a scam or fraud, but it "will" fail because of three factors which are hard-coded rules, lack of governance and in-fighting.

Are We Waiting For Bitcoin To Fail?

There are many solutions, but we don't need to wait for Bitcoin to fail before we act. It is high time to think about what to do to save it. You are waiting for me to mention the solutions.. lol! From the view of a psychologist, I claim to be, citing problems not only provide you with a solution, but gives you an understanding why a project will fail and is for you to design a solution now before the problem arrived.

In conclusion, cryptocurrencies represent a fundamental upgrade to the economic systems of the world. Once they’re fully booted up and integrated into the global and interplanetary networks of the future, the world will look very, very different in ways we can only begin to understand.