Cryptocurrency

[leepfrog]

A crypto currency like Bitcoin gives you the ability to make transactions without the need of a central bank.
Bitcoin is the gold for the crypto currency, it is the longest and has the largest capitalization of the market. Although bitkoin is in many respects superior to traditional ways of paying and transferring money, there are, however, certain obstacles to its widespread acceptance.

[1715225292]

1715225292

[1715225292]

1715225292

[bitcoinvamp]

A crypto currency like Bitcoin gives you the ability to make transactions without the need of a central bank.
Bitcoin is the gold for the crypto currency, it is the longest and has the largest capitalization of the market. Although bitkoin is in many respects superior to traditional ways of paying and transferring money, there are, however, certain obstacles to its widespread acceptance.

Yes bitcoin do gives the ability to make transactions without the central bank but at the same time bank transactions are extremely fast compared to bitcoin transactions . This is where bitcoin lacks and also there are miner fees in the bitcoin transactions where as bank transactions are almost free. These may be the reasons that bitcoin faces obstacles to its widespread acceptance.

[Lancusters]

I think we need to focus not on a specific cryptocurrency. Of course bitcoin is the most popular and reliable of all cryptocurrencies. But I think that cryptocurrency has shown people that if they unite with like-minded people that their forces will be enough to compete with any economy in the world. The holders of any coins with their coordinated actions can dictate terms to any government. Cryptocurrency return power to the people. This is the main reason why governments are afraid of the spread of cryptocurrency.

[Jating]

A crypto currency like Bitcoin gives you the ability to make transactions without the need of a central bank.
Bitcoin is the gold for the crypto currency, it is the longest and has the largest capitalization of the market. Although bitkoin is in many respects superior to traditional ways of paying and transferring money, there are, however, certain obstacles to its widespread acceptance.

I think we already got your point here. The obstacles that you have said, like the slow confirmation time and the high fees you have to pay the miners has been plaguing us for the longest time. There's even a debate on it for like 1 or 2 years already and it looks like there's no really clear direction right now. So we really love bitcoin to really take over in the next couple of years however, it will not be the case. What we are going to see is that bitcoin as a trading instrument more than a p2p for micro transaction that Satoshi envision.