Notes

Does Bitcoin make a good investment?
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Bitcoin ignited a revolution.
There's always been the idea of having digital money. Bitcoin has validated the proof of concept.
Money wasn't the only factor. It ushered in a multitrillion dollar market with innovation and creativity.
We will be analyzing Bitcoin in this report to see if it is still a good investment.
Overall score for Cryptonomix is 97 / 100
Result report:
The functional product 31 / 33 was a success
34/34 Strong community
Leadership 33/33
Product/Working Product
A bitcoin's sole purpose is to store value. As if it were money. All three of its functions can be fulfilled by it.
Adding value to the store
Message medium
The unit of account
As a store of value, it is strong. The number of Bitcoins that can exist is limited. 21 million will be the maximum.
People lose their passwords, and send to non-existent addresses, which drops the supply.
A little over 4 million bitcoins have been lost to the ages according to Decrypt.
There is no doubt that bitcoin is a popular means of exchange. The process of creating a Bitcoin wallet and using it is remarkably simple.

The contrast between traditional banks is particularly striking.
A few months ago, El Salvador announced that Bitcoin will become legal tender in early 2021. 21 million citizens are now actively using a Bitcoin wallet. In contrast, there are only 18 million of them with a bank account.
As a unit of account, bitcoin also succeeds. It is the process of measuring the value of a product or service.
Eight decimal places are available for Bitcoin. If it ever needed to be more, the core developers could easily do so.
However, bitcoin struggles to maintain stability as a unit of account currently. Most likely, it will soon.
A bitcoin's value changes very quickly relative to dollars or euros.
One of the best examples is someone buying pizza early on using Bitcoin. Using 10000 BTC, he spent money on it. Bitcoin in today's market is worth millions.
This problem can only be solved by widespread adoption. A stable Bitcoin price can be achieved if everyone uses it natively.
To be clear, the price in its current form is too volatile to be used as a unit of account. Thus, money.
As merchant adoption increases, US dollars (or another preferred fiat currency) will be used to measure first, followed by Bitcoin.
A scalable and decentralized solution
A second problem with Bitcoin is its inability to effectively scale. Thus, transactions are limited to a certain number.
About 10 million bitcoins can be exchanged per month.
Solution proposals are numerous. Often, they are centralized, however. A departure from Bitcoin's decentralization philosophy.
The technology cannot scale and remain decentralized at the same time.
Two possible scenarios are presented here.
On top of Bitcoin, developers build infrastructure for scalable decentralization.
A competitor comes up with a technological improvement that renders Bitcoin worthless.
As the Bitcoin ecosystem expands, the first scenario becomes increasingly likely. One can think of Lightning Network, for example.
The second scenario is unlikely, but it is possible. This year marks the 10th anniversary of Bitcoin. It reveals something important about Bitcoin that a competitor hasn't dethroned it yet.
Someone could earn billions of dollars from creating a better Bitcoin. The financial incentive has not been enough to make anyone succeed.
Technologically, this is not possible. It is funny how innovation can surprise everyone. This possibility shouldn't be ignored.
Bitcoin has a real chance of replacing the monetary system. This is a view shared by most banking professionals as well.
The Bitcoin product is functional. It can be scalable in time, but is not scalable now.
Score for working product: 31/33
Community involvement
The cryptocurrency space is dominated by Bitcoin due to its early movers advantage. In result, it has the largest market capitalization, is widely adopted, and is widely recognized.
All cryptocurrencies can be compared to Bitcoin in terms of their community. The community is so vast that it has different subcommunities. There are a number of countries, cultures, languages represented in them.
The Bitcoin philosophy can be summed up here. The federal government is not ruled by a single authority. It has been a challenging year for Mongolians, elected officials in Latin America, and voters in rural Mongolia. Bitcoin is a belief held by millions.
With the growth of cryptocurrency adoption, bitcoin's community will also grow.
In summary, the Bitcoin community is doing well and will continue to do so in the foreseeable future
Score for active communities: 33 / 33
Leadership that works
In essence, bitcoins are designed as a decentralized economic system. In the end, it would undermine everything to entrust everything to one person.
Satoshi Nakamoto would be the leader if there were one. Right now, there is no way to identify them. A Bitcoin wallet that hasn't been used for years has been abandoned. They're unlikely to become famous.
Satoshi Nakamoto handled everything flawlessly.
Bitcoin operates best without a public figurehead. As a group, the community leads itself.
In the end, Bitcoin does not require anyone to speak on its behalf. There is no better world than Bitcoin.
Leadership is crucial for most projects to succeed. Bitcoin is great precisely because of this.
It is not the best option to follow a leader in Bitcoin.
Having good leadership: 33 / 33

Last Thoughts
Bitcoin is the leading cryptocurrency. Thrives in any metric. There is no way to stop it.
It is therefore a valuable addition to any portfolio.
The final score for Cryptomix is 97 points out of 100

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