The brutal truth about Bitcoin | Brookings
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The brutal truth about Bitcoin While Bitcoin’s roller-coaster prices garner attention, of far more consequence is the revolution in money and finance it has set off that will ultimately affect every one of us, for better and worse. As it grew in popularity, Bitcoin became cumbersome, slow, and expen
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- The brutal truth about Bitcoin
- While Bitcoin’s roller-coaster prices garner attention, of far more consequence is the revolution in money and finance it has set off that will ultimately affect every one of us, for better and worse.
- As it grew in popularity, Bitcoin became cumbersome, slow, and expensive to use. It takes about 10 minutes to validate most transactions using the cryptocurrency and the transaction fee has been at a median of about $20 this year. Bitcoin’s unstable value has also made it an unviable medium of exchange. It is as though your $10 bill could buy you a...
- ontraceability of Bitcoin transactions.
- While Bitcoin has failed in its stated objectives,
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