Tagged: Visual Studio

Assessing Store of Value in Utility Protocols


The move of bitcoin towards widespread adoption by existing financial institutions can't be considered a good sign by bitcoin bulls. Although this represents bitcoin's increasing legitimacy in investor's eyes. Its inclusion in the bloomberg terminal and the launch of bitcoin futures in CBE and CBOE herald the burgeoning perception of bitcoin as a digital asset.

In a way, this represents bitcoin's fall from grace as a digital currency. Its strengths, such as the blockchain technology, are re-implemented and re-envisioned by altcoins, while its weaknesses, such as the costly proof of work model and slow transaction times, are heavily criticized. This is coupled with proof from the recent hard forks that the bitcoin community lacks the political unity to implement major changes. The recent interest in altcoins, and the tendency for bitcoin to suddenly lose dominance as percentage of total market cap are signs of this.

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