Cryptocurrency
Bitcoin Is More Stable Than You Think – Blockchain Analysis Reveals
As reported at Forbes, “Despite the constant headlines which label Bitcoin as excessively volatile and unpredictable, it largely remains unweathered by the greater political, economic, and technological fluctuations of our times. “The cryptocurrency space as a whole is still viewed as the ‘wild west’ of finance from the outside (quite legitimately I might add). There […]
As reported at Forbes, “Despite the constant headlines which label Bitcoin as excessively volatile and unpredictable, it largely remains unweathered by the greater political, economic, and technological fluctuations of our times.
“The cryptocurrency space as a whole is still viewed as the ‘wild west’ of finance from the outside (quite legitimately I might add). There is often little distinction between cryptocurrencies and recognition of their differential properties. As Andreas Antonopolous stated at Eth Denver last year: ‘We are all weirdos in the same camp. They cannot tell the difference.’
“Within the cryptocurrency space, however, Bitcoin is largely regarded as conservative, secure, stable, and predictable. In fact, some consider the network too conservative and in-flexible – hence the large number of projects and their vast diversity.
“In contrast to Ethereum, for example, Bitcoin’s focus is not on supporting complex functionality or having a capacity for rapid development. Changes to the code rarely occur and are backwards compatible. Second layer development is encouraged rather than base layer modifications. Predictability of Bitcoin’s future economic policy is crucial…”