Bitcoin the new currency

Instructions

The Rogerian assignment directions are as follows:This essay should be between 900 and 1000 words. First, you will choose a topic of interest that has two opposing sides. Then, you need to research that topic in order to specify the topics scope, so it can be easily discussed in a shorter, 1000 word essay.This essay must include a minimum of five sources. Three should peer-reviewed sources preferably from the APUS databases.Make sure to include the following sections in your essay: introduction and claim, background, body, and conclusion. Within the body of your Rogerian essay, make sure to include the following in any order: the background for your chosen topic, the opposition, the strengths and weaknesses of your opponents claim, scholarly research, your claim, discuss the warrants for your claim and the opposition in order to find the common ground, and show the common ground between your opponents claim and your claim.

Answer

Legality of Bitcoins as Alternative CurrenciesShould bitcoins replace traditional currencies? This is the question that seems to divide opinion. Some people are opposed to the use of cryptocurrencies on the basis that they are not subjected to strict regulation and limited public knowledge on their use. Proponents, however, often advocate for their use citing low fees, convenience, and transparency as the main benefits that they offer. While there are concerns over the use of bitcoins, there should be some form of government regulation so as not to stifle out innovation and increased cooperation among key stakeholders to analyze potential risks and benefits associated with the use of cryptocurrencies.There is no doubt that bitcoins, as a form of cryptocurrency, has expe...
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