BITCOIN Digital cryptocurrency - Moh Maya World
Tuesday 13 February 2018

BITCOIN Digital cryptocurrency

BITCOIN



BITCOIN is one of the most trending topics.

Bitcoin has been all the rage in the past few months and it’s all because of its highly volatile nature. There have been many instances where many people have become millionaires by investing in bitcoin back in 2013. 

What is bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

There have been many instances where many people have become millionaires by investing in BITCOIN back in 2013. Although you might not become a millionaire by investing in bitcoin at this point in time, you still can make a significant amount of money. you can finally buy the phone you always wanted or the laptop you've been fantasizing about or you can do more important stuff like save for STARTUP you've been talking about.The possibilities are endless.

Poor Communication Undermines the Bitcoin Ecosystem

Many people in the bitcoin ecosystem suffer from poor communication skills. Their inability to intelligently and compassionately convey an idea is intensified by the current scaling debate.what’s happening in the bitcoin ecosystem. Many people are ventilating emotions rather than engaging in competent communication. This is happening because people have formed opinions based on group think and denial.

Many people in the ecosystem have embraced the group think of bitcoin core, because they see it as “the real bitcoin.” However, they do not realize they are being duped. They cannot see the fact that the essence of bitcoin has been tampered with to the point of being unrecognizable.

When bitcoin is transformed from a functional peer-to-peer currency to an immobile Poor Communication Undermines the Bitcoin Ecosystem“store of value” that functions off the chain, it has lost its original characteristics that made it “bitcoin”. Just because it is still the “first chain” does not mean it is bitcoin. If a person gets eaten by a zombie and they turn into the walking dead, they are no longer the same person. They are simply the husk or shell of their former self, devoid of essence. In this regard, bitcoin has become the zombie. It’s devoid of its initial essence.


This fact has emboldened critics of bitcoin. Naysayers now run around saying that bitcoin can never be a currency because it does not behave like a currency – because it is too expensive and cumbersome.

The traditional “bitcoiners” can’t acknowledge this truth though. They have adopted such a strong degree of in-group bias they cannot unfetter themselves from the truth of what happened. Now they simply parrot what they have heard from the Core programming team, even if what they are saying is antithetical to everything good about bitcoin. The Core supporters are in denial.

But regardless of whether my analysis is correct or not, the poor communication must be addressed first.

BITCOIN Digital cryptocurrency Reviewed by Ashutosh Singh on February 13, 2018 Rating: 5 BITCOIN Download our APP BITCOIN is one of the most trending topics. Bitcoin has been all the rage in the past few months ...

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