Post
Topic
Board Off-topic
Re: Why we must trust with bitcoin?
by
Supercrypt
on 22/09/2016, 13:21:16 UTC
With regard to the tech,  I don't see a reason to stop  trusting Bitcoin. The only problem I think you  may have, would be with regard to price  instability, but I believe it's  normal for a currency in  its early stages.
the bad side of bitcoin are it's required internet connection to run , can you imagine how bitcoin transaction could be done when internet goes down? the lights go out? this is serious problem , your trust in bitcoin would just useless. it's wasn't always easy to give a full trust in bitcoin in my opinion.
But, in this modern world , power is no more a problem as worldwide almost every country is getting saturation level in power generation. You can have bitcoin wallet in a mobile phone, which is not requiring a continuous power supply. It means only the continuous Internet connection is the requirement. We can trust into bitcoin similar to traditional fiats.