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12-08-2017, 08:20 AM
Bitcoin is a victim of its own success
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It was never meant to be this way.*
With the price of Bitcoin skyrocketing by the hour (http://mashable.com/2017/12/07/bitcoin-value-dollars/), it's either time to buy buy buy or step back a moment and ask ourselves just exactly how Bitcoin (http://mashable.com/category/bitcoin/) went from a proposed digital currency to an increasingly popular investment opportunity — and what that says about its future. As this is a blog post and not the internal dialogue of a cryptocurrency trader, we're going to go with the second option.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
Launched in 2009 by a still unknown person (or persons) under the pseudonym of Satoshi Nakamoto (http://mashable.com/2017/11/28/elon-musk-bitcoin-creator/), Bitcoin offered a decentralized currency that removed any sort of central authority from the mix. This, of course, is a fascinating idea — and over the following few years news outlets reported on it with a mixture of confusion and befuddled amusement (if they covered it at all). Read more... (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Other (http://mashable.com/category/other/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/bEs8t5fOXnw
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It was never meant to be this way.*
With the price of Bitcoin skyrocketing by the hour (http://mashable.com/2017/12/07/bitcoin-value-dollars/), it's either time to buy buy buy or step back a moment and ask ourselves just exactly how Bitcoin (http://mashable.com/category/bitcoin/) went from a proposed digital currency to an increasingly popular investment opportunity — and what that says about its future. As this is a blog post and not the internal dialogue of a cryptocurrency trader, we're going to go with the second option.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
Launched in 2009 by a still unknown person (or persons) under the pseudonym of Satoshi Nakamoto (http://mashable.com/2017/11/28/elon-musk-bitcoin-creator/), Bitcoin offered a decentralized currency that removed any sort of central authority from the mix. This, of course, is a fascinating idea — and over the following few years news outlets reported on it with a mixture of confusion and befuddled amusement (if they covered it at all). Read more... (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Other (http://mashable.com/category/other/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/bEs8t5fOXnw