Ninjastic
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Board Bitcoin Discussion
Re: What do you think are the biggest disadvantages of Bitcoin?
by
Natalim
on 03/01/2017, 01:51:22 UTC
Quote from: lol3c on January 02, 2017, 03:54:44 PM
Quote from: Xenophoto on December 25, 2016, 02:29:36 PM
Quote from: Paninotech on December 25, 2016, 12:59:04 PM
long confirmation times and inability to reverse mistakes
The inability to reverse your payment is just a disadvantage to the people that are careless. Once you send the payment, that's it. Before you click the "Send" button, make sure that you have input the correct details. To me, that's actually an advantage of bitcoin. When you received the coins, you can sleep at night without worrying about your buyer trying to revert back his payment.
You can only blame yourself for doing such stupid mistake while sending funds online. inability to reverse mistakes only happens to someone just like you who does not have the ability to read and check carefully before confirming something.
Some could make a mistakes once but we must be careful for the next time, further the non reversible  transaction could also be a disadvantage to some but for the majority it is one of the advantage of using bitcoin. That is the security that once we receive the funds after every completion of transaction, we are secured enough that it will not be taken again from us.