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The centralization of mining in china is one of the most valid critiques of bitcoin.
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Bitcoins are issued and managed without any central authority whatsoever:
But beyond creating the web's first native currency, the true innovation of bitcoin's mysterious designer, satoshi nakamoto, is its underlying technology, the block chain. Janet yellen is at it again… in an interview with the new york times last week, the treasury secretary doubled down on her stance against bitcoin. He points to five assumptions he got wrong. This has been a long time coming. Bitcoin is the first and most widely recognized cryptocurrency. What's wrong with bitcoin there are many debates on the technical shortfalls in the design of bitcoin such as the block size, transaction throughput, etc. If bitcoin breaks below the 50 day ema, we'll be looking for support levels at $50k and ~$47k, a fib retracement. If it went mainstream, we would probably see bitcoin (and many other cryptos) fall apart. Everything wrong with bitcoin in 2019 by eric lamison white the capital medium from miro.medium.com why some investors get bitcoin so wrong, and what that says about its strengths. By a long long way, the biggest use of bitcoin and cryptocurrencies in. Aside from the centralization of mining in china, government regulation poses one of the most immediate threats to bitcoin. Peter brandt once called the crypto asset a scam, but he now tells his 484,000 followers on twitter that xrp traders have proven him wrong. In regular times, not much.
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Not sure, there's a bitcoin ideology, but being a fan of it, here's the things my friends like to highlight when we talk about it:
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