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RE: What makes Bitcoin Valuable?

in #bitcoin7 years ago (edited)

Great article. I share your enthusiasm for cryptocurrencies and Bitcoin in particular, but I think that it is important to observe the potential issues that we might face along the way. I'm thinking about the mining companies. Yes, Bitcoin is decentralized in theory, but is it really? Antpool and BTC.TOP, both private companies, mine about 36.4% of all BTC and growing. The recent 2X debate and the upcoming Bitcoin Gold forks shed light on the problems that Bitcoin has to overcome. I think Bitcoin and blockchain is one of the greatest technological breakthroughs we'll see in our lifetimes and I'm grateful to be able to witness and have a small part in that. Is there value in Bitcoin? Absolutely, but only as long as people believe in it and make it grow.