Bitcoin Is A Matter To Be Taken Seriously
Bitcoin Is A Matter To Be Taken Seriously In the days when Bitcoin first appeared, it sparked huge controversy, especially in technology forums. Of course, these discussions were on an individual level, and today we see these discussions going up to the level of states and large corporations.
The Early Days Of Bitcoin
In its early days, cryptocurrencies and Bitcoin had gained a reputation as a simple-minded internet currency used by computer gamers and gamers of chance. But then, as Bitcoin and the cryptocurrencies began to enter the market and these new assets began to be used in the financial world, this time cryptocurrencies began to be allegedly used in bad activities such as fraud, money laundering, and terrorism financing.
But Michael Arrington, the hedge fund manager, and crypto advocate believes that Bitcoin will finally understand what it means. According to Arrington, especially intellectuals will soon understand your understanding of Bitcoin.
Arrington began contributing to Nakamoto, an account on Twitter that explores deeper features of distributed networks and analyzes policy and philosophy along with technology issues. Arrington believes the rise of crypto was handled like early internet ventures, which were initially seen as little more than fraud or gaming projects.
Arrington makes the following statements in his remarks on the matter:
Today crypto is like the internet in 1995 or YouTube in 2005. Very few of us take it very seriously. Frankly, I take it seriously. I attribute my career to that.
Bitcoin Idea Is Growing
Bitcoin is engaged in a struggle not only with traditional currencies but also with the financial system. Because cryptocurrencies are believed to threaten both traditional currencies and therefore the financial market.
But now big companies and states are warm to the idea of digital currency, if not Bitcoin, and are working on it.
The fact that China’s central bank will launch a digital currency is a prime example of this. So now big institutions and states are trying to turn cryptocurrencies into opportunities rather than perceive them as a threat.