More About Bitcoin

Make sure to read about Crypto Currencies in general:

Bitcoin Facts (2018)
  • Bitcoin is still only owned by a small  fraction of the world's population (< 1%)
  • Bitcoin became popular in Venezuela and Turkey when their currencies' collapsed in 2017 and 2018

Bitcoin Criticisms
NOTE:  These are legitimate criticisms.  Newer cryptocurrencies have solved many of these
  • Bitcoin mining uses up a great deal of electrical energy - resulting in waste and pollution (not sustainable)
  • It can't handle many transactions and is generally slow (not scalable)
  • Has high transaction costs
  • Still lacks general acceptance
  • Serves as a tool for criminals, tax evaders and the like