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Tuesday

26 January 2021

Despite Its Present Run, Bitcoin Is Still Dealing with Doubters | Live Bitcoin News

Despite Its Present Run, Bitcoin Is Still Dealing with Doubters | Live Bitcoin News


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Doom thanks to his pessimistic attitude towards the asset – refuses to believe that bitcoin has any value whatsoever and is still commenting – much like he has in the past – that bitcoin will be nothing more than a fake currency.

While he doesn’t necessarily have anything against the asset, he does say that it’s a developing asset class, and anyone who thinks it’s fully established is fooling themselves?

Part of the integrity of an asset class or part of the integrity of a system is knowing who owns it and knowing who has it and knowing why it’s being transferred, and is it being used for legitimate causes

So, there are a lot of people that question why would you need a system that does not have an audit trail, does not have integrity, you don’t know who owns it, you don’t know exactly how much exists today, how much has been mined, how much has been lost, how much has been thrown away on hard drives because they don’t exist anymore.

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