Post
Topic
Board Bitcoin Discussion
Re: My criticism of BitCoin
by
prodigy8
on 25/07/2015, 10:16:15 UTC

2. One would think they came up with a new currency system so theft could be prevented. No, BC gets stolen all the time.
Why couldn't they "disable" the serial numbers of the currency that was stolen? Thats the kind of system that should have been designed.


Ultimately I think this may prevent Bitcoin from being widely adopted. That doesn't mean it can't continue to exist as a niche system. But, the average person is willing to pay a certain amount, to a credit card for example, in order to be able to have customer support (i.e., insurance) in the event of theft.

Yes, but for this customer service, you are paying crazy fees and don't have a control over your money, look at Greece and capital controls. Ultimately, people will and should have options. Some will trust banks and Visa and pay fees and be insured. Others will choose Bitcoin and decide to be their own bank. That's one of the problems of today's system, people don't have options and people should always have options!

If you dont have control of your money it means that they are not yours anymore, it can happen that like the bank bankrupt and your money are lost or limited like the Greece you are right.