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By Sharmaine Chan, King George V School
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Bitcoin is a digital currency, which can be transferred without going through a bank or a clearing house, meaning fees are much lower.
But there are many questions that need to be answered about this currency.
The main problem with Bitcoin is that the coins are just digital codes. When you buy stocks, you're investing in a company and its assets and profits. But if one day people decide that Bitcoins are not valuable, the investment will be useless.
In a world where we lack social interaction and increasingly rely on technology, I find this trust in a currency unsettling.
If we can put such trust in a virtual currency, why not trust people instead?
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