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Close up of top important cryptocurrencies which dollar bank note in background. which including of Bitcoin, Ethereum, Litecoin, Dash, Zcash and Ripple coin. Business and financial as concept.

Why Cryptocurrencies Like Bitcoin Are Not Ready for Prime Time

Bernard Fickser at Expensivity — friendly to cryptos in principle — offers an unsparing look at the current problems

At Expensivity, Bernard Fickser, who has explained how to sell non-fungible tokens (NFTs) now offers “The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World.” (January 15, 2022) For your convenience, we are serializing his work, which can be read in whole here. Here’s Part 6 (of 6): 6 Conclusion: Is Crypto a Mature Technology? So far, this article’s approach to crypto has been a balancing act, weighing pros against cons. Thus, we’ve seen much to commend crypto, but also much to raise doubts about it. In this closing section, I’m going negative. My concluding thesis is this: peer-to-peer distributed blockchain-based cryptocurrencies as they exist now represent an immature technology and miss much of what we would like to see…