[en] With Bitcoin having lost more than sixty percent of its value over the last twelve months, the question arises: Is Bitcoin dead? The reasonable answer is that it follows the “natural evolution” of any innovative technology: slow and gradual adoption; acceleration of its diffusion; and, finally, complete substitution. So, there is nothing new under the sun! The most important fact, or truth, about the “Proof Of Work” protocol and, to a lesser extent, the “Proof Of Stake” process, is that both have withstood the storms they experienced. No fatal crash! No deadly hack! To the exclusion of a few casualties among the so-called “shitcoins”. It usually takes a generation (about thirty years) for a new technology to impose itself (cf. La révolution internet). There's no reason for it to be any different this time around.
Disciplines :
Business & economic sciences: Multidisciplinary, general & others
Author, co-author :
Choffray, Jean-Marie ; Université de Liège - ULiège > Ecole de Gestion de l'Université de Liège