Alex Anto Navis L
Sep 3, 2018 · 2 min read

Bitcoin is revolutionary idea to solve one of the most difficult problems of man-kind which is trustable, decentralized and rigid consensus based monetary system for the people with the power of machines. It is a brilliant experiment and much needed for our new generation. Even if it fails or successful it has lot of things to learn from.

1) Scaling: It’s ultimate functionality is not to compete with paypal on transactions. Lightning Networks is the first step. More innnovations will come-up like how we have different OSI networking layers.

2) Distributed — Poor centralized banking is a result of bad and corrupt leaders, they just bail-out if shit happens which deflates the value of our money. What We need is a sound monetary system, which corrupt leaders aren’t going to provide. Just take india for e.g., heavy loans taken by some of the big frauds like Nirav Modi, Mallaya are/will written-off by banks.

3) Anonymity — There is so much involved in logistics for illegal activities like drugs, weapons, weapon supplies to bring in to a country or make them. Why is that only money is the only thing which has to be monitored/controlled ?.

4) Slow Development — It will be and should be slow. Decentralized consensus is not easy but it would evolve. Centralized shit is easy to do like any company/individual makes the decision which has its one-sided bias.

Support it in the way you can. A small level of holding’s won’t hurt to support this revolutionary idea. We should solve problems as a community to have a solid universal monetary system. I think we will get there.

    Alex Anto Navis L

    Written by

    Full stack developer, iOS/Android developer, x-ThoughtWorker, Love technology/science