List and Briefly Discuss Current Concerns That Are Limiting the Adoption

question 13

Essay

List and briefly discuss current concerns that are limiting the adoption of bitcoin.
While international remittance customers and those otherwise left out of the banking and credit card system can see immediate benefit from bitcoin, most of the population isn't impacted by this market.
Bitcoin is tech that offers little benefit
Bitcoin also has a , since it is a currency favored by the online underworld and was created by a mysterious, unknown entity referred to as Satoshi Nakamoto.
also pose a problem. High profile hacks, such as the Mt. Gox breach, create a public perception that bitcoin is unsafe.
Government regulations also remain uncertain in many regions of the world.
The currency is highly volatile, fluctuating wildly in relation to major world currencies.
The initial bitcoin support network does not allow for anywhere near the transaction volume of competing systems like global credit card networks.

Distinguish between social, cultural, and legal barriers in international trade.

Understand the importance of intellectual property rights in global commerce.

Recognize the role of tariffs, quotas, and dumping in international trade policies.

Comprehend the mechanisms of international trade agreements and their impact on global commerce.

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Definitions:

Linear Programming

A mathematical method for determining a way to achieve the best outcome in a given mathematical model with linear relationships.

Constraints

Limitations or restrictions that affect the course of action in decision-making processes.

Optimal Solution

The most favorable or best outcome achievable within a given set of constraints or conditions.

Constraints

limitations or restrictions in a process, project, or system that affect its performance, output, or capability to achieve goals.