Analysis of Bitcoin and the Digital-Currency Revolution by Casey, Michael and Paul Vigna - Article Example

Critics argued that this particular form of digital currency became dead due to the factors concerning lesser predictions made towards constructing better versions and failure to promote powerful innovations. It is strongly believed in this regard that whether there exists the survival of Bitcoin or not in this contemporary world, the technology underlying the same would stay for a longer time (Casey and Vigna, ”Bitcoin and the Digital-Currency Revolution”).

One of the important points or lessons learned from the selected article “Bitcoin and the Digital-Currency Revolution” is that the wide application of Bitcoin will certainly develop the conditions of the global economy positively through varied ways.

These ways may include computerizing the operational procedures like introducing payment processors, slashing down the amounts of financial fees, and generating opportunities for the people who do not hold bank currents currently among others. Apart from this, the other important point or lesson, which can be learned from the aforesaid article, is about the operational procedure of Bitcoin based on which, the conditions of the global economy are developed to the maximum possible extent.