Bitcoin’s Biggest Hurdles to Widespread Adoption
are 2-fold as I see it.
Murphy's Law and legal tinder.
Because of Murphy’s Law sooner or later you’re likely to make a mistake and lose all your money.
Bitcoin costs too much to use because you can’t buy groceries or gasoline with it.
Even at a rate of 5% (an optimistic rate) when you buy in then 5% again to cash out is a 10% barrier. That’s 10% too much!
In the longer term I’m somewhat bullish on Bitcoin because things are developing quickly and may the best “money” win! I think we should keep in mind that Bitcoin technology is only 10 years old and it’s not very long to prove itself yet.
Forgive the brevity of this article but it’s my understanding that many people do not enjoy reading so I’m reserving making a long boring video for the future.
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