Downvoted for facts? This place really is turning into fucking Reddit.
It's a provable fact that over the last 4 months, Bitcoin lost around 50% of its value. Will it regain that loss? Maybe, but the fact is it fluctuates too much to be considered a stable currency.
It's essential that a real "digital money" preserve privacy anyway. Monero / ZCash seem far better. But onroading people onto BitCoin is helpful short term (harmful long term)
Without private transactions, the government will simply create blacklists and tell exchanges & miners that they must refuse to do business with certain blocks/wallets.
BTC loses too much value in a day to be a good store of wealth.
Downvoted for facts? This place really is turning into fucking Reddit. It's a provable fact that over the last 4 months, Bitcoin lost around 50% of its value. Will it regain that loss? Maybe, but the fact is it fluctuates too much to be considered a stable currency.
It's essential that a real "digital money" preserve privacy anyway. Monero / ZCash seem far better. But onroading people onto BitCoin is helpful short term (harmful long term)
I think it's far more important that it isn't controlled by a central authority, which could seize funds, than transactions being hidden.
Without private transactions, the government will simply create blacklists and tell exchanges & miners that they must refuse to do business with certain blocks/wallets.