Notes

Bitcoin: A Good Investment.
bitcoin

Blockchain revolutionized the financial world.
Digital money has been on everyone's mind for a long time. Bitcoin had verified the proof of concept.
Money was only one part of it. In the context of a multi trillion dollar market, Bitcoin brought innovation and creativity.
In this report, we will review Bitcoin and determine whether it is still a lucrative investment.
Final score for Criptonomix: 97/100
Results:
30 / 33 Product functional
34/34 Strong community
Great leadership 33 out of 33
Product of Work
A bitcoin's sole purpose is to store value. As if it were money. It fulfills the 3 purposes of money well.
The value store
The medium of exchange
Account unit
It is a solid store of value. As many Bitcoins as there are are limited. A total of 21 million will never be exceeded.
By losing their passwords and sending to non-existent addresses, people reduce the supply of coins circulating.
A little under 4 million bitcoins have vanished, according to Decrypt.
The bitcoin currency provides powerful exchange capabilities. You can easily create a Bitcoin wallet and start using it right away.
Compare this to traditional banks in particular.
El Salvador, for instance, announced that Bitcoin will become legal tender in early 2021. In less than six months, 21 million citizens actively used Bitcoin wallets. It is an astounding difference from the 18 million US citizens with bank accounts.
In addition to being an account unit, Bitcoin also succeeds as a digital currency. It is the process of measuring the value of a product or service.
The bitcoin currency has eight decimal places. In case it ever needed to be more, the core developers would easily be able to do it.
However, Bitcoin currently struggles as a stable unit of account. Eventually, likely within the next year.
A bitcoin's value changes very quickly relative to dollars or euros.
A good example is a Bitcoin user buying pizza in the early days. Ten thousand Bitcoins were spent on it. The same amount of Bitcoin would be worth millions today.
It is only through broad adoption that this problem can be resolved. Everyone would have a stable price if Bitcoin were used natively.
To date, the price is too volatile to be used as a unit of account. The result is money.
The merchants that adopt Bitcoin will initially measure in US dollars (or their preferred fiat currency) and then in bitcoin.
Efficacy and Decentralization
In addition to being unscalable, Bitcoin suffers from inefficiency as well. Therefore, the number of possible transactions is limited.
Each month, Bitcoin is limited to roughly 10 million transactions.
Many solutions have been proposed. Nevertheless, they usually come with centralization. The Bitcoin philosophy of decentralization is being departed from.
Scalability and decentralization cannot coexist in one technology.
We have two options from here.
Developers create infrastructure on top of Bitcoin for scalable decentralization.
The use of Bitcoin is rendered obsolete by a technological advance made by a competitor.
The first scenario seems more likely as the Bitcoin ecosystem grows. Consider Lightning Network.
A second scenario is less likely, but still possible. Over ten years have passed since Bitcoin was created. It reveals something important about Bitcoin that a competitor hasn't dethroned it yet.
A better Bitcoin would offer billions of dollars in profit to the creator. The financial incentive has not been enough to make anyone succeed.
Technology does not allow it. Innovation, however, can surprise us all in funny ways. We should not rule out this possibility.
In either case, Bitcoin has a real chance to replace money. Banking professionals are also in agreement.
Bitcoin is a functional product. However, it is scalable in time.
Work product score: 31/33
Community active
In the cryptocurrency industry, Bitcoin has the first mover advantage. Due to this, it has the largest market capitalization, greatest adoption, and greatest public recognition.
Cryptocurrencies that have the largest communities include Bitcoin. Because of its size, there are different sub-communities. Their cultural and linguistic diversity makes them unique.
In this sense, Bitcoin is a philosophy. The federal government is not ruled by a single authority. Mongolia's rural plains to Latin America's elected officials. The belief in Bitcoin is huge.
The community for Bitcoin will grow with cryptocurrency adoption.
In summary, Bitcoin community will continue to flourish and grow in the foreseeable future
Score for the active community: 33 / 33
Leadership is important

Decentralizing Bitcoins is the goal of the currency. It would be disastrous if we had just one person responsible for heading the project.
He would be Satoshi Nakamoto, if there were one. However, their identities remain unknown. Years have passed since they last used their Bitcoin wallet. They're unlikely to become famous.
Satoshi Nakamoto handled everything flawlessly.
There is no public figurehead for Bitcoin, which is its best scenario. Community members lead themselves.
In the end, Bitcoin is independent of any mediator. This speaks for itself: Bitcoin.
If there was no leadership, most projects would fail. But that's exactly what makes Bitcoin so great.
Summary: Bitcoin doesn't have a leader.
Having good leadership: 33 / 33

One final thought
The market leader is Bitcoin. Any measure you use will show it thrives. There is no way to stop it.
A portfolio that includes it will not regret making this investment.
Score for the Crystallomix system: 97/100

Website: https://btcminerfarm.com/