The great cryptocurrency bubble. Will it burst? Will we see billions of dollars go up in virtual flames? While the future of cryptocurrency is uncertain, most scientist and industry experts believe that it wouldn’t.
I don’t want to bore you with the engineering details of this technology, but it’s suffice to say that the only way cryptocurrency will be gone tomorrow is if the internet is wiped out.
The likelihood of that is very slim. The real threat however would come from government trying to force some form of regulation on cryptocurrency but that would be as futile as saying the authorities are trying to clam down on Peer 2 Peer piracy.
So the way I see it, cryptocurrency is going to be a mainstay and continue to evolve into other innovations I’m not smart enough to fathom. Remember how email replaced snail mail, and how credit cards facilitate payments? Bitcoin and its alternatives are revolutionising the financial market. Banking institutions are forced to evolve or die.
That’s the beauty of tech disruption.
Now that we have covered how Bitcoin got its value and why it’s just going to keep growing and innovating, let’s take a peek under the hood (this is where it gets slightly technical) and learn about all the other bitcoins alternative that have entered the market. Learn what is Blockchain about and why it’s so damn important in the next part of this video series.
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