The Currency Analytics
By Dan Saada
Bitcoin (BTC) Might Not Solve Existing Inequality
US regulators are now targeting Bitcoin ATMs. About 88% of the funds exit the country through machines.
Regardless, lot of opinions of these machines contributing to alleged cross-border illicit financial transfers.
Just like anything, there are Pros and Cons to BTC ATMs. The Pros are that they are easy to buy and sell, and the security and anonymity is maintained.
And the idea of Bitcoin being the peaceful protest is being tweeted by several major personalities in the cryptocurrency space.
Vitalik Buterin tweeted: “Bitcoin was born out of a crisis that was fundamentally financial in nature.
Irrespective of investor’s opinion, Coin Metrics states that, "All facets of Bitcoin’s trading volume have experienced exponential growth and, if sustained, will grow to levels…
Bitcoin tweeted: “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
In response, someone clarified that bitcoin might not solve the existing inequality magically; however, would provide the guarantee of a "fair money system.
The world is slowly opening up again, and people are beginning to travel again. Post lockdown spending using Bitcoin, BCH, and other kinds of cryptocurrencies is becoming a…
The Bitcoin Hashrate is slowly bouncing back like 2x the Mining Pools with decent levels of farm diversification.