Bitcoin’s initial promise of decentralised, unhackable currency appears to have faltered. Despite its revolutionary potential, Bitcoin has suffered from numerous setbacks, including a lack of leadership, internal disagreements, and an inability to scale. These issues have led to a stagnation in its development and a drop in its market value.

The currency’s decentralised nature, once its main selling point, has become its Achilles’ heel. The lack of a central authority has led to internal divisions and disagreements, causing delays in decision-making and stifling progress. This has resulted in a failure to address and resolve key issues, such as the block size debate.

Moreover, Bitcoin has proven to be susceptible to hacking. Despite claims of being unhackable, the currency has seen a number of high-profile hacks, damaging its reputation and causing many to question its security.

Additionally, Bitcoin’s inability to scale has proved to be a significant obstacle. The currency’s design limits the number of transactions it can handle, preventing it from becoming a viable alternative to traditional currencies.

In conclusion, Bitcoin’s promise of a decentralised, unhackable currency has been undermined by its own design flaws and internal divisions. Its future now appears uncertain, with many questioning whether it can ever fulfil its initial promise.

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