Post
Topic
Board Bitcoin Discussion
Re: What do you think are the biggest disadvantages of Bitcoin?
by
socks435
on 20/01/2017, 22:49:07 UTC
For me, the biggest dksadvantage of bitcoin is; it is not widely accepted. Infact, some countries are banned this kind of technology. If you want the list here https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country. Second, it has no physical form. You cannot spend it ti any physical stores. Only few stores are accepting bitcoin. You need to convert it to cash in able to buy. Third, bitcoin can be lost. Just like physical.money, it can be lost. For example. You have stored your btc at your pc, but the pc crashes. Your wallet is lost and also your btc.
i think still no country has banned bitcoin although they also have not yet turn it as legal also. but  still people from all over the world are using bitcoin continuously. and hope that they will continue using bitcoin for ever.
I heard that there are some country that actually banning bitcoin because of illegal activity behind bitcoin..
check this one where i just found in google search engine https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/
And i think not all country are using bitcoin..