Max Levchin, the co-founder of Paypal, has become the latest high-profile figure to speak out on Bitcoin. His words echo those of Michael Bloomberg from a few days ago; blockchain is the future, Bitcoin might not be.
Better than the Sum of its Parts Blockchain technology has gone global in a very short space of time. From financial transactions to data storage and now, possibly, elections, its security and levels of anonymity are unparalleled in today’s technological context. Levchin told CNBC, “It’s a brilliant mathematical idea, fantastic technology, interesting commodity to speculate on. TBD on whether it’s a currency or just a way to make money fast.” More:
https://coinblip.com/blog/levchin-bloomberg-debate-experts-weigh-bitcoin/There is no question that the blockchain technology behind the currency we know as Bitcoin will be a good force into the future and it would be a life-changing technology that can affect many areas of our lives. Name any industry and we can be sure that it can be revolutionize using the blockchain. And right now, there are so many applications based on this innovation. No wonder there are people who are not inclined to support Bitcoin have expressed their approval with the blockchain.
Bitcoin has become a polarizing agent...either you love it or you don't. Definitely, because it is a financial instrument there are always risks associated with it as market can go down and up depending mostly on how the players can be reacting to anything happening at the present and what can be in the future. Personally, I am all supporting Bitcoin and am definitely sure that Bitcoin has a good future and all the problems it is facing now will eventually be solved. Of course, nobody can be so sure of what can be in the future.