Nice article, but your conclusion has a flaw: global acceptance only exists among Bitcoin fans, but not in real economic life.
As long as states do not introduce Bitcoin as a binding currency, for example, the utility value is only theoretical. But no state will do this, as it is then effectively relinquishing control over its economic sovereignty.
In this respect, Bitcoin remains in my opinion a (admittedly) highly sophisticated IT project - nothing more.
As long as states do not introduce Bitcoin as a binding currency, for example, the utility value is only theoretical. But no state will do this, as it is then effectively relinquishing control over its economic sovereignty.
In this respect, Bitcoin remains in my opinion a (admittedly) highly sophisticated IT project - nothing more.
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@Dividenden-Penner If global acceptance for you means that states have to introduce Bitcoin as a national currency, you're right :)
But the utility value is not just theoretical - every individual, every institution and every state can already use and benefit from Bitcoin today.
However, the section in the conclusion was primarily intended to put Bitcoin in relation to altcoins. And of course Bitcoin is more accepted globally than any altcoin :D
But the utility value is not just theoretical - every individual, every institution and every state can already use and benefit from Bitcoin today.
However, the section in the conclusion was primarily intended to put Bitcoin in relation to altcoins. And of course Bitcoin is more accepted globally than any altcoin :D
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