Digital Currencies

Bitcoin and other blockchain currencies have become popular. There are many issues related to these crypto currencies worth discussing.

	+	tst additioon		1	1/3/20		Edit Delete Copy Move
	●	Putting money into BitCoin is dangerous BitCoin is difficult to scale energy-wise - With the current BitCoin already consuming more electricity than the country of Denmark, it is both an economical cost as well as an environmental cost to consider the scaling of BitCoin. BitCoin is difficult to scale in value - With only millions of BitCoins in existence and that being limited, it does provide some stability from dilution but also makes it hard to share among billions of people. There is nothing backing the digital currency other than supply and demand - Unlike other currencies that have some level of guarantee from their respective governments, BitCoin has none of those issues. Danger depends on one not losing one's wallet - Losing a hard drive or digital wallet password could result in a complete loss of investment. BitCoin may be more liquid than a bank account - With limitations on bank withdrawals and international transfers, BitCoin allows for large movement of money across the globe if one is concerned about losing it. BitCoin price has been extremely volatile. - With swings doubling or halving within a month or two, putting money in BitCoin is a risky endeavor. Bitcoin has seen a huge rise in value since its inception. Is putting money into BitCoin a good investment strategy?		7	1/25/18		Edit Delete Copy Move