Post
Topic
Board Bitcoin Discussion
Re: Advantages of Bitcoin over traditional payment systems
by
Lauda
on 07/10/2016, 09:32:09 UTC
1. Volatility of price of bitcoin is there which makes it a prime target for traders. bad news for stores/shops
Very volatile indeed.  Roll Eyes


5. Irreversibility of transaction - though I consider it as the least because it is a fault of the user to mis-click and not system. However we are all human and we tend to make mistakes.
That's a feature of a immutable chain, not a disadvantage.

6. Some people consider bitcoin = hackers, drugs etc since we all know about ransom-ware, and many people came to know about bitcoin from ransom-ware, Silk route incident etc
This is not a disadvantage of Bitcoin; it's just a misconception.