But, as many might have predicted, the ships perish begin to call for an end. According to some who believe in the prophecy of John the Apostle about the end times in the book of Revelation, bitcoin can be a sign of the beast.
They say that in the end, all financial transactions will be controlled by the Antichrist government … and a lot of really bad things. Believe it or not, it’s still a pretty creepy picture.
Even many unbelievers have their doubts. They believe that the excessive digitization of entire monetary systems unacceptably exposes entire societies to hackers along with the tragic risks of fraud and embezzlement. After all, the cryptocurrency is anonymous, so vile types should not fear being exposed.
Even worse, since cryptocurrency records are completely digital without a central repository, and with an incorrect backup, the entire balance can be destroyed by a single computer failure.
But here’s the thing. Bitcoin is great with bitcoin bots. Merchants like to accept digital currencies because transactions cannot be canceled by a bank or intermediary. And anyone can access the cryptocurrency, unlike banking services that require identification and, often, credit checks, not to mention transaction fees!
How can Bitcoin become a stable currency?
Technically, we are already accustomed to world trade and currency. The Internet allows us to conduct business between two points on Earth and beyond, while products such as Visa and Mastercard or services such as PayPal allow us to accurately, instantaneously and without problems the digital exchange of several currencies.
So, is not the universal digital currency the next logical step, eliminating the notorious intermediaries? In addition, transactions are made directly from the peer-to-peer network, avoiding banks with their obsessive rules and commissions.