Bitcoins has become a global currency and topic discussed in every corner of the world.
Oga Op Bitcoin is not yet a global currency. But people might use as a discussion point to know about the coin in their various locations. The adoption of bitcoin is still low. But in the year 2022 to 2023 the adoption has increase but not yet a global currency.
There has been many school of taught regarding bitcoins,
As what? You statement there is incomplete so please you can complete your sentence for people to under what you were trying to say. If there are school of thoughts on bitcoin then we have to hear what they say about bitcoin.
however, bitcoins remain unique in itself and its usecases. With the global awareness on bitcoins via many medium, there is still fear in the heart of many, stopping them from joining the bitcoins space. That Bitcoin is the king of all Cryptocurrency and it is full of transparency is an undoubted truth.
Yes bitcoin is unique and that's make peculiar among others. Those who are afraid of bitcoin will join bitcoin with a massive turn up. And they will regret in future that why would they join now. They should remove fear from their heart and join now.
The fear associated with bitcoins is from other Cryptocurrencies. The issue of scam has become a major threat to those who are new to the system. Many curious and profit driven persons have fallen for scammers with the hope to making it big. Due to this occurrence , many person have classified all cryptocurrency as the same.
The way I even look at the whole issue is that the other cryptocurrencies were created to destabilize bitcoin but the forces of bitcoin is too stabilized that they can't do any thing.
Since bitcoins is unique with a clean track record, I will suggest that:
There should be an institution set up by core Bitcoin Blockchain and other chain Developers that will oversea and audit new Crypto project.
After auditing, they will also be responsible for the announcement of the genuineness of the project.
They will also help track down project owner if it happens that there is any form of scam.
They will help investors get their funds in the case of scam.
This single institutions will have their branches across the world to make it easier for them.
They should also work with social media to curb the spread fake project by verifying every crypto project on their social media.
They will also be on the lookout to fight and bring down every scam project with immediate effect.
I dont think the multiple auditing companies we have is helping matters.
This are just my suggestion to fighting for bitcoins reputation before the novice.
what are your thought on this, is this possible or it's already in place
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I don't think these your suggestions can work at all. If bitcoin becomes a centralized system then bitcoin is already dead. Because national politics will kill bitcoin befote it implementation stage. For others are not also possible but some are already working.
