despite the libertarian fantasies that were being bandied about at the time, Bitcoin was unlikely to ever be a mainstream currency. Now it seems that Bitcoin is indeed collapsing and key figures in the community are starting to back away from it.
The reasons for Bitcoin’s failure are many, including poor governance, a lack of technological infrastructure and infighting within its community. Besides, as I noted in my previous article, the fact that sovereign governments have the power to tax in their own currencies always made a Bitcoin takeover unlikely.
Find the best exchange to buy Bitcoins
Latest posts by Ofir Beigel (see all)
- Best Ethereum Wallets (2017 Update) – 5 Options Reviewed - April 25, 2017
- “The Rise And Fall Of Bitcoin (And The New Kid On The Blockchain)” – Forbes | $1234.36 - April 20, 2017
- BitPanda Review – Buy Bitcoin with Skrill, SEPA or a Credit Card - April 18, 2017