Notes

Can Bitcoin be a good investment?
bitcoin

The Bitcoin revolution began.
Having digital money has always been an idea. Proof of concept was validated by Bitcoin.
Money was only one part of it. In the context of a multi trillion dollar market, Bitcoin brought innovation and creativity.
Here, we will evaluate whether Bitcoin remains an attractive investment.
Score for the Crystallomix system: 97/100
Please report the following results:
Products 31 / 33 are functional
33 / 33 community
Leadership that exemplifies 33 / 33
The working product
A bitcoin's sole purpose is to store value. Amount of money. Money fulfills all three functions well.
An accumulator of value
Taking part in an exchange
Object of account
As a store of value, it is strong. Bitcoins are limited in number. 21 million will be the maximum.
With people losing their passwords, and sending to non-existent addresses, the circulating supply decreases.
About 4 million Bitcoins are gone forever, according to Decrypt.
Cryptocurrencies such as Bitcoin are an important medium of exchange. The process of creating a Bitcoin wallet and using it is remarkably simple.
Comparatively to traditional banks.
Announcing that Bitcoin will be a legal tender by early 2021, El Salvador noted that 21 million citizens had actively used Bitcoin wallets in the last six months. This is in stark contrast to the 18 million people with bank accounts.
In addition, Bitcoin is also a successful unit of account. A product or service's ability to be measured in terms of its value.
It is possible to divide Bitcoin by eight decimal places. Additionally, if it was ever necessary for there to be more, the core developers could easily implement it.

In the current environment, Bitcoin struggles to be a stable unit of account. Most likely, it will soon.
The value of bitcoins fluctuates in relation to US dollars or euros.
One of the best examples is someone buying pizza early on using Bitcoin. It cost him 10000 bitcoins. A bitcoin of that value would be worth millions today.
There is no other solution to this problem other than widespread adoption. Everyone would have a stable price if Bitcoin were used natively.
Due to its volatility, the price cannot be used as a unit of account at present. So there will be money.
With increased adoption, merchants will first measure using dollars (or their preferred fiat) and then bitcoin.
The Decentralization & Scalability of
Additionally, Bitcoin lacks the ability to scale effectively. There are thus fewer possible transactions.
Bitcoin transactions are capped at roughly 10 million per month.
There are several possible solutions. The problem is that they tend to be centralized. Departing from Bitcoin's philosophy of decentralization.
The technology cannot scale and remain decentralized at the same time.
Two possible scenarios can be considered from here.
On top of Bitcoin, developers build infrastructure for scalable decentralization.
A competitor invents a technology that renders bitcoin useless.
This scenario is becoming more likely with the growth of the Bitcoin ecosystem. There are projects like Lightning Network that come to mind.
A second scenario is less likely, but still possible. It has been more than a decade since Bitcoin was first introduced. Bitcoin has not been dethroned yet by a competitor, which is a good sign.
A better Bitcoin could potentially bring billions of dollars to those who create it. No one has succeeded despite the strong financial incentive.
Technology does not allow it. The funny thing is, innovation surprises everyone. We should not rule out this possibility.
Bitcoin has a real chance of replacing the monetary system. This is a view shared by most banking professionals as well.
In summary, Bitcoin is a useful product. Though not scalable, it may become so in time.
31 / 33 Working product score
Involved Community
Among cryptocurrencies, Bitcoin is first to market. Due to this, it has the largest market capitalization, greatest adoption, and greatest public recognition.
Among all cryptocurrencies, Bitcoin has the largest community. It has so many subcommunities that each has its own culture. They span different cultures, nations and languages.
It is the essence of Bitcoins philosophy. No single authority has authority over everything. In Mongolia, elected officials serve as members of the rural plains. Many people believe Bitcoin is real.
Cryptocurrency adoption will continue to grow, and Bitcoins community will follow suit.
In summary, the Bitcoin community is doing well and will continue to do so in the foreseeable future
Score: 33/33 for active community
Leadership is good
The goal of Bitcoin is to create a decentralized monetary system. It would be very inefficient to have one person lead the project.
Satoshi Nakamoto would be the leader if there was one. However, nobody knows their identity at this time. Inactive since years, their Bitcoin wallet has fallen into disuse. You won't be able to see them in the media.
Satoshi Nakamoto executed all his plans perfectly.
To achieve Bitcoin's best scenario, there should be no public figurehead. Leadership takes place within the community.
The truth is, Bitcoin doesn't require anyone to speak on its behalf. Cryptocurrencies like Bitcoin speak for themselves.
The majority of projects would fail if they lacked leadership. Nevertheless, that's what makes Bitcoin so special.
Summary: Bitcoin doesn't have a leader.
Having good leadership: 33 / 33

A few words of wisdom
The cryptocurrency Bitcoin leads the market. By any measure, it thrives. The trend is unstoppable.
The factors listed above make it an excellent investment.
Final score for Cryptonomix: 97 / 100

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