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Costa Rica officially labeling Bitcoin a currency is a great way for adoption.
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Definitely a wise place to learn and grow a project/community.
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Best to do is always get a wallet that you can control, maintain, or reset. If not you are susceptible to loosing your funds. DYOR.
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Cryptocurrency - Cryptographic Currency designed for Peer to Peer Decentralized Transfers (Bitcoin) - others have designed protocols around this idea for various use cases.
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It all depends on what the next person is willing to pay. The power of decentralization into the hands of the people.
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To be an actual currency it needs to be widely accepted by governments. Since it's decentralized I don't think it will ever be accepted as a currency. However becoming a means of value and payment instrument is definitely the shape it's taking. Companies like ours however create protocols to make bitcoin used as a currency in every day commerce.
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The digitization of currencies and cryptocurrency itself is just in its infancy. It will grow over the next few decades.
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I wouldn't say rapidly going down, everything that goes up must come down as a normal practice of law. But in this case it sometimes retraces due to a heavy spike, in my opinion.
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The bitcoin protocol was initially designed as a cash system. Bitcoin Cash would be a great example of a payment protocol used for a currency. Bitcoin itself, I would classify as Gold 2.0.
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Banking, as a whole, will always exist. It's how blockchains counteract or replace certain elements of banking is what we have yet to see.
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I believe, in my opinion, following the right metrics means you can figure out how to hedge any asset or currency to your favor.
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Because Bitcoin will forever be a base pair to other crytpos, it will never die. (In my personal opinion)
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Both have different types of styles, buyers, risks/rewards, etc. They are unique in their own retrospect.
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The world "bubble" is unjust. Bitcoin itself will always have corrections and will always have value. The world is adopting it day by day and making it part of economics.
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Spend is making it very simple in near future to spend your bitcoins in real time at point of sale locations worldwide. I will ping back in this thread when we launch.
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Interesting read, i wonder what other thoughts are on this.
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Considering that it's not a security, i see a bright future for ETH
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