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RE: Is the Bank of Canada Talking Early Adoption of a Digital Currency!

in #steem7 years ago

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Block Chain yes, Bitcoin not so much. The overall business model of Bitcoin sucks, from the perspective of fees and sustainability. The proof of work concept leaves a lot to be desired. I also find the ever increasing consolidation of BTC mining to be somewhat concerning leading it to be not as decentralized as we would like to believe. If you have time check the following...

https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter

https://steemit.com/bitcoin/@pawsdog/could-the-us-ban-bitcoin-trump-administration-considering-btc-regulation

https://steemit.com/bitcoin/@pawsdog/wtf-blockchains-will-ultimately-be-privately-managed-by-enterprises

https://steemit.com/bitcoin/@pawsdog/12-4-2017-the-market-view-and-trading-outlook

I also see the rising popularity and moreover profitability of BlockChain as prim motivation for those with BILLIONS to spend (banks) collaborating to put it or a version of it in their profit turning pockets.