This invention is much more transformative than a mere payment network for the Internet age.

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This is the last of a five-part series. Read here the first, second, third, and fourth parts.

Using Bitcoin today as a common currency is nonoptimal because transaction costs are too high. Price remains erratic, liquidity is insufficient, and, in many cases, throughput, confirmation times, and fees result in significant obstacles.

Technology will address usability by allowing for greater capacity and improved user experience. But, volatility can only recede with increased adoption, which requires Bitcoin to be desired, to be demanded as cash balances, and to be held. …

Fernando Ulrich

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