CATEGORIESAPR. 20, 2014
Bitcoin may be the cryptocurrency of the future for many faithful pioneers and hobbyists alike, but there is a veritable host of issues to first address and correct with the overall concept of Bitcoin before it can assume its rightful economic throne. From simple security issues, like those Mt. Gox claims were exploited by thieves to rob them of millions in Bitcoin, to trust issues with the wallets that hold our coinage, like Mt. Gox itself.
|Bitcoin, the currency of the future?|
Does any one group have the right to decide that? Among the most appealing aspects of Bitcoin is its decentralization of currency, a dream that is shared by creator(s) Satoshi Nakamoto and many adopters, early or otherwise. On the other hand, if we open Bitcoin protocol up to the public totally, it will be twisted and corrupted and run into the ground by those looking to turn a profit any way they can.