Erik, two days ago i wanted to buy 1 bitcoin. Wish i did cause it went from 490 dollars to 725.
Yet it feels to much like betting / gambling.
One treat is that if 1 person owns to many bitcoins >51%. When that happens the bitcoin is no longer decentralized. And then it could be manipulated. The person or company who holds >51% of the processing power could then mine all the bitcoins, he will always be the first who will crack the code.
Yet i think the Bitcoin (decentralized currency) is here to stay, maybey not as bitcoin but as another currency, credits who will tell ?
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Erik, two days ago i wanted to buy 1 bitcoin. Wish i did cause it went from 490 dollars to 725.
Yet it feels to much like betting / gambling.
One treat is that if 1 person owns to many bitcoins >51%. When that happens the bitcoin is no longer decentralized. And then it could be manipulated. The person or company who holds >51% of the processing power could then mine all the bitcoins, he will always be the first who will crack the code.
Yet i think the Bitcoin (decentralized currency) is here to stay, maybey not as bitcoin but as another currency, credits who will tell ?