“ Everywhere you go you'll find an article that is a fresh take on the latest
major report on bitcoins and the future of bitcoin. Here's a quick summary of three most well-known reports that were published within the last
few days. These articles could be considered as your everyday
dose of information on bitcoins as well as the future currency.
The first thing to mention is that The New York Times has an excellent piece entitled " bitcoins and the end of Paper Money." bitcoin is declining steadily.
Other virtual currencies have also gone down as well, such as Ether (Ether)
which has dropped to just $2.4 per Share, and Ethium (Eur), the largest virtual currency.
Coinbase is the largest exchange publicly used in the U.S.A It was down for a few hours this
week.
In the second article, " Bitcoins, the Future of Currency,"
writers Jonathan Cook and Michael Corkery basically summarize the information they
provide in the opening paragraph. They agree
that bitcoins as money will be a key driving force for the growth of the cryptocurency.
What's actually being discussed is a new financial paradigm
shift in which new dollars will be created without any paper trail.
This sounds fascinating. Well, it certainly explains how
quickly the growth of virtual currencies is. Both authors go into greater detail
the ways that Bitcoins and etherium can be combined to create an economic
system that doesn't depend on the current power/volume
of money supply.
Mehmet C. Zecorazeparov discusses his third article, "Proliferation of the Blockchain." He discusses how some forms of
misuse could appear acceptable but not illegal to
certain people. He says that some organizations may be funded and/or distributed via bitcoin. This could allow them to engage
in extortion and money laundering. He further states that
"bitcoins could also help to facilitate efficient payment systems transfers and receipts." In other words, he
believes that the ponzi and bitcoin schemes are two different sides of the same coin, with the only difference being the fact that one is used to facilitate illicit activities while the other supports legal activities.
"The most effective way to determine if the IT infrastructure supporting bitcoin is stable and reliable is to observe it and review it," states
Zecorazeparov. Zecorazeparov ended his discussion on the NFT or non-fiat currencies with the statement
that "if you believe the government is able to ever eliminate NFT you should and talk with me." Indeed, he
continues "the biggest problem that non-fiat currencies face is that they're based on trust, not something that is a commodity like silver or gold." This is a huge issue and is not being addressed by the majority of those who
are part of the discussion on how the NFT will evolve and
what that could mean for the future.
Zecorazeparov also sees some aspects of cryptography as well as cryptotechnology as problematic.
He says, "Scaling the NNSA using bitcoin is a problem." This
critique is interesting from a branding and public
relations perspective. Everyone wants a strong image. This could therefore be seen as
a affirmation of bitcoin and nCrypto platform as a whole.
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Archive, ”