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Why bitcoin isn’t working

Bitcoin proponents––or maybe Bitcoin speculators or Bitcoin investors are better terms––say that Bitcoin is the currency of the future. But there are a few major problems with the cryptocurrency. The first that might jump to mind is the wild speculation that’s currently happening. That is, of course, a problem. The idea behind Bitcoin was that it was to be a cryptocurrency, not a crypto-investment tool or wealth storage device. But that’s not the only issue––this video looks at the limits of Bitcoin in terms of its transactions per second cap and its environmental impact, both of which suggest that Bitcoin is not going to work.

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