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Bitcoin Fails to Live Up to Satoshi's Vision of a Digital Currency

2023-10-11 0 Dailymotion

Bitcoin Fails to Live Up to Satoshi's Vision of a Digital Currency.<br /><br />Transcript:<br /><br />Bitcoin Fails to Live up To Satoshi's Vision of a Digital Currency<br /><br />Despite its revolutionary nature, there are arguments suggesting that Bitcoin didn't completely fulfill Satoshi Nakamoto's vision. <br /><br />One major issue is its volatility, which hinders its mainstream adoption as a currency for everyday use. <br /><br />High price fluctuations make it less viable for transactions and consumers' needs.<br /><br />Another criticism lies in Bitcoin's scalability concerns, raising questions about its sustainability as an efficient medium of exchange.<br /><br />As a result, people have started looking at Bitcoin as digital gold – an asset that can act as a store of value rather than a practical currency for daily transactions. <br /><br />Its comparison to gold primarily stems from its limited supply and potential to hedge against inflation during economic crises.<br /><br />In conclusion, while Bitcoin has made strides towards being used as digital cash in certain contexts, it has deviated from Satoshi Nakamoto's original intention by primarily becoming a store of value akin to digital gold.<br /><br />=== End Transcript ===

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