I often hear people claiming that Bitcoin will replace our current currencies. And with the rise in value these voices grow louder. But unfortunately it seems they don’t understand the basics of the financial system.
Don’t get me wrong: blockchain is an interesting concept with lots of useful applications. It may even revolutionize different fields in our society. But Bitcoin will never be a mainstream currency. The average person will never buy its daily coffee with Bitcoin. And here is why: Continue reading Bitcoin is not a currency