Yesterday, October 31st, was Bitcoin‘s 10th birthday.
Questions remain as to whether it has fulfilled its intended mission of replacing fiat currencies.
While some in business thought it had an inevitable path to legitimacy, history has shown that early adopters like Dell have dropped it as being too unwieldy to be used in the place of old fashioned credit cards.
Price swings, the cost of exchange and thefts have pushed some investors to the sidelines leaving the playing field open for speculators.
Even one of the founders has called it a “failed experiment.” And it still is near impossible to value, leaving many to to believe that it’s just a game of musical chairs.
Although Bitcoin may be the first, it may not be the one that survives as there are reportedly more than 200 other “alt-coins” vying for shelf space in the digital ether.