Risks and Downfalls
Bitcoin has the potential to change some of the biggest problems that plague modern society today. We truly believe that a lot of the problems we see today, from the civil unrest to the endless wars can be mitigated or solved if Bitcoin works the base layer for the world’s financial system. If adopted, Bitcoin will lift a lot of people out of poverty and help to narrow the growing wealth gap.
These things are all true, but Bitcoin is not perfect. This blog series will discuss some potential risks and downfalls of Bitcoin. We will discuss the role of government in potentially trying to regulate away the use of bitcoin as well as a potential attempt to bring back the gold standard. We will look at Bitcoin from a technical perspective and discuss some potential issues there. Lastly, we will explore consumer behavior and trends and how they may affect mass adoption.