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From Burly Meerkat, 2 Years ago, written in Plain Text.
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  1. is bitcoin still a good investment
  2.  
  3. Bitcoin ignited a revolution.
  4. In the past, there was talk about digital money. It has been verified by Bitcoin.
  5. The problem wasn't just money. Cryptocurrency has played a vital role in the creation of a multi-trillion dollar market filled with innovation and creativity.
  6. Here, we will evaluate whether Bitcoin remains an attractive investment.
  7. Score for the Crystallomix system: 97/100
  8. Please report the following results:
  9. Products 31 / 33 are functional
  10. 33 / 33 strong community
  11. Leadership that exemplifies 33 / 33
  12. Product/Working Product
  13. Bitcoin is designed for a single purpose. The act of being money. Money fulfills all three functions well.
  14. Value store
  15. An exchange medium
  16. Counting unit
  17. It is a solid store of value. Bitcoins have a limit. 21 million will be the maximum.
  18. The circulation of bitcoins drops when people forget their passwords, send to invalid addresses, etc.
  19.  
  20. A little under 4 million bitcoins have vanished, according to Decrypt.
  21. Bitcoin is a powerful form of exchange. Bitcoin wallets are very easy to create and use.
  22. The contrast between traditional banks is particularly striking.
  23. Earlier this year, El Salvador announced Bitcoin will be accepted as legal tender by early 2021 In less than six months, 21 million citizens were actively using Bitcoin wallets. This is in stark contrast to the 18 million people with bank accounts.
  24. The Bitcoin currency also works well as a means of exchange. A product or service's ability to be measured in terms of its value.
  25. Bitcoin is decimalized to eight places. If it ever needed to be more, the core developers could easily do so.
  26. The Bitcoin unit of account is currently unstable. I expect that will happen soon.
  27. Bitcoin's value fluctuates compared to US dollars and euros.
  28. A Bitcoin user who buys pizza is a good example. During that period, he spent 10000 bitcoins. Those same amounts of Bitcoin today are worth millions of dollars.
  29. This problem can only be solved by widespread adoption. Everyone would use Bitcoin natively, which would keep the price stable.
  30. To date, the price is too volatile to be used as a unit of account. This means money.
  31. As merchant adoption increases, US dollars (or another preferred fiat currency) will be used to measure first, followed by Bitcoin.
  32. A scaleable and decentralized architecture
  33. Scalability is also an issue with Bitcoin. Transactions are therefore limited.
  34. Bitcoin is capped at approximately 10 million transactions per month.
  35. Numerous solutions have been suggested. Nevertheless, they usually come with centralization. It departs from the principle of decentralization that underpins Bitcoin.
  36. Despite its decentralization, the technology has been unable to scale.
  37. It's possible to proceed in two different ways from here.
  38. Decentralized infrastructure for scalability is created on top of Bitcoin by developers.
  39. Bitcoin is rendered ineffective by a competitor's technological innovation.
  40. First, the Bitcoin ecosystem is growing, making the first scenario more likely. I think of projects such as Lightning Network.
  41. There is a possibility of the second scenario. Bitcoin has been around for over a decade. A competitor has not yet dethroned Bitcoin yet, which is important.
  42. Billionaire developers could achieve the same results if a better Bitcoin were created. Even with strong financial incentives, nobody has succeeded.
  43. The technology makes it impossible. Innovations, however, often surprise everyone. We should not ignore this possibility.
  44. Bitcoin has a good chance of replacing the monetary system in some way. It is even the consensus of most banking professionals.
  45. In summary, Bitcoin has a useful feature. Currently, it is not scalable, but it will be in the future.
  46. Work product score: 31/33
  47. Community involvement
  48. In the cryptocurrency industry, Bitcoin has the first mover advantage. Because of its market capitalization, adoption, and recognition, it has the largest market share.
  49. All cryptocurrency communities are dwarfed by Bitcoin's community. The city is so big that there are sub-communities. Different cultures, languages, and countries are represented.
  50. In essence, this is Bitcoin's philosophy. The federal government is not ruled by a single authority. In Mongolia's rural plains and among Latin American elected officials. Millions of people are convinced of Bitcoin's legitimacy.
  51. And as crypto adoption grows, so too will the Bitcoin community.
  52. For the foreseeable future, the Bitcoin community will flourish and grow
  53. Score: 33/33 for active community
  54. Leadership is crucial
  55. The goal of Bitcoin is to create a decentralized monetary system. It would be harmful to have only one person overseeing all aspects of the project.
  56. Satoshi Nakamoto would be the leader if there were one. Right now, there is no way to identify them. The Bitcoin wallet they have been using has been inactive since last year. It's unlikely that they'll ever become famous.
  57. Everything Satoshi Nakamoto did was perfect.
  58. Bitcoin operates best without a public figurehead. Leadership in the community is self-directed.
  59. In the end, Bitcoin is independent of any mediator. There is no better world than Bitcoin.
  60. The majority of projects would fail if they lacked leadership. But that's exactly what makes Bitcoin so great.
  61. Bitcoin has no best leader.
  62. Leadership score: 33 / 33
  63.  
  64. Conclusions
  65. There is no question that bitcoin is the market leader. This company thrives no matter what metric you use. In other words, you cannot stop it.
  66. The factors listed above make it an excellent investment.
  67. 97 out of 100 for Cryptonomix
  68.  
  69. My website: https://btcminerfarm.com/
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