It isn’t, and it doesn’t need protecting. I say this as someone who was mining bitcoin back when it was still valued at under $1 a coin. The concept of bitcoin was really interesting and I had hoped that it could actually function as a digital currency outside the control of the major credit card processors. The execution however leaves much to be desired. We were promised a federated digital currency, what we got was an unregulated securities market.
It isn’t, and it doesn’t need protecting. I say this as someone who was mining bitcoin back when it was still valued at under $1 a coin. The concept of bitcoin was really interesting and I had hoped that it could actually function as a digital currency outside the control of the major credit card processors. The execution however leaves much to be desired. We were promised a federated digital currency, what we got was an unregulated securities market.