Bitcoin News
By Maheen Hernandez
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It seems as if the bears would not give up easily. The market is in the red mode with Bitcoin and several other altcoins losing their money on a daily basis.
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Dr. Craig Wright, recently stated that Bitcoin could not be considered as a currency. He further added that the token does not have legal validity.
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He implied, “Cryptography is a kind of secret writing. Bitcoin is the exact opposite of that. Bitcoin is basically a public ledger.
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Wright also raises concerns about the financial credibility of Bitcoin. He stated that Bitcoin has nothing noteworthy to democratize finance.
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Craig Wright was as well skeptical about the collapse of the cryptosystems from quantum computing.
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Further, it is expected that the Bitcoin Lightning torch will soon burn out. There were several participants from across the world helping in making these payments…
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The lightning torch has burnt across 56 countries so far, the payment was passed from one person to another, with each person adding a few cents in each step.
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The common discussion among users is about whether the torch will die out or a new torch will be initiated after this.
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