Notes

Can Bitcoin be a good investment?
bitcoin mining pool

Bitcoin was the start of a revolution.
Digital money is something that has always been proposed. The proof of concept was verified by Bitcoin.
Money was only part of the equation. It ushered in a multitrillion dollar market with innovation and creativity.
Here, we will evaluate whether Bitcoin remains an attractive investment.
Final score on the Cryptonomix: 97 / 100
This is the report:
31 / 33 functional product
Community 33 / 33
33 / 33 Great leadership
Work in Progress
Bitcoin serves a single purpose. As if it were money. Essentially, it fulfills all 3 functions of money.
The value store
Exchange medium
An account unit
It is a solid store of value. There is a limit to how many Bitcoins can exist. 21 million will be the maximum.
Due to lost passwords and sending to non-existent addresses, people lose access to the circulating supply.

According to Decrypt, just under 4 million Bitcoins have been lost forever.
Bitcoins are a powerful medium of exchange. Bitcoin wallets can be easily created and used.
In comparison 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. In stark contrast, 18 million Americans have bank accounts.
In addition to being an account unit, Bitcoin also succeeds as a digital currency. An ability to check the value of a product or service.
Bitcoin is decimalized to eight places. Furthermore, if the number of developers had to increase, the core developers could easily do so.
The Bitcoin unit of account is currently unstable. It is likely to happen in the near future.
In terms of US dollars or euros, bitcoins' value fluctuates.
The best example would be a Bitcoin user purchasing pizza. A total of 10000 BTC was spent on it. Those same two bitcoins are worth millions today.
Adoption is the only solution to this problem. Everyone would have a stable price if Bitcoin were used natively.
To use the price as a unit of account, it is too volatile as it stands. Hence, money.
Over time, merchants will measure in dollars (or their preferred fiat) first and Bitcoin second.
Insights into Scalability and Decentralization
In addition to being unscalable, Bitcoin suffers from inefficiency as well. Transactions are therefore limited.
The maximum number of transactions per month with Bitcoin is roughly 10 million.
There are several possible solutions. The problem is that they tend to be centralized. Decentralization does not match Bitcoin's philosophy.
Scaling the technology at the same time as staying decentralized is impossible.
There are two scenarios that can happen from here.
Infrastructure is created atop Bitcoin in order to enable scalable decentralization.
Competitors find a way to make Bitcoin useless.
As Bitcoin grows, a scenario 1 seems more and more possible. One can think of Lightning Network, for example.
The second scenario is unlikely, but it is possible. Over ten years have passed since Bitcoin was created. It tells us a lot about Bitcoin that no one has yet dethroned it.
It would be very profitable for someone to create a better Bitcoin. It doesn't matter how strong the financial incentives are, no one has succeeded.
In other words, it is not technologically feasible. Yet, innovation always manages to surprise everyone. I don't think we should eliminate this possibility.
In either case, Bitcoin presents a serious threat to the current monetary system. It is even the consensus of most banking professionals.
Basically, Bitcoin is a usable product. However, in time it may be scalable.
Overall score: 31 / 33
Community involvement
With cryptocurrency, Bitcoin is the first mover. Because of this, it has the largest market capitalization, most adoption, and most recognition among the public.
Cryptocurrencies that have the largest communities include Bitcoin. There are so many sub-communities in it. They come from various cultures, countries, and languages.
In a way, this embodies the philosophy behind Bitcoin. There is no one central authority. Rural Mongolians to Latin American elected officials. There are millions of people who believe in Bitcoin.
With the growth of cryptocurrency adoption, bitcoin's community will also grow.
As a result of Bitcoin's popularity, it is likely that it will continue to grow for a while
Score: 33/33 for active community
Leadership that works
With Bitcoins, a decentralized monetary system is created. A single person in charge would undermine the entire project.
In the absence of a leader, Satoshi Nakamoto would be an appropriate choice. As it stands, nobody knows who the person is. Inactive since years ago, it was a Bitcoin wallet. You won't be able to see them in the media.
It was a perfect execution by Satoshi Nakamoto.
It is best for Bitcoin to be anonymous. Leadership is assumed by the community.
Bitcoin doesn't need anyone to represent it at the end of the day. The bitcoin speaks for itself.
The majority of projects would fail if they lacked leadership. Bitcoin is great precisely because of this.
Summary: Bitcoin has no leader that is the best option.
Leaders with good scores: 33 / 33

The Final Words
Market leader Bitcoin is a digital currency. Success is measured by any metric. The process cannot be stopped.
Due to all of these factors, it is an excellent investment for any portfolio.
Final score: 97/100 for Cryptomix

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