what is bitcoin good for

to as a Satoshi. Bitcoin is "not actually usable" for retail transactions because of high costs and the inability to process chargebacks, according to Nicholas Weaver, a researcher"d by Bloomberg. Archived from the original on 27 February 2015. The most exciting element of Bitcoin - and most dangerous for speculators - is that technology is iterative and Bitcoin is only the first wave.

Read an important announcement about Bitcoin from.
(Update: Bitcoin Core is less usable as money due to much higher fees and delayed transaction times.
Now some bitcoin bulls may complain that a minimum 10 chance of a crash below 1,000 is no reason or justification for writing an article with my headline.

"Twice burned - How. Thus, per computer scientist Jochen Hoenicke, the actual block capacity depends on the ratio of SegWit transactions in the block, and on the ratio of signature data. 205 According to a University of Cambridge study, much of bitcoin mining is done in China, where electricity is subsidized by the government. Archived from the original on Retrieved e, Daniel. Archived from the original on Retrieved "Ex-Googler Gives the World a Better Bitcoin". The two blockchains operated simultaneously for six hours, each with its own version of the transaction history. This left opportunity for controversy to develop over the future development path of bitcoin. Retrieved 17 December 2013.