Three years ago or two years ago, if you asked me what Bitcoin is, Id tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. Its just perfect!
And Bitcoin is proved very successful. But it has inherent risks like anonymity, hacking，51%attack, double spending. Stop imagining bitcoin is perfect. No coins are perfect. Id say bitcoin means more about possibilities, possibilities of expression of value. Before, Ive been taken it for granted that the government should control currencies. But now Id like to take a moment to think of the question:
What is the nature and origin of money?
Well bitcoin design has its flawed. No doubt about it. The some of your inherent risk is not a risk at all. No one has ever hack bitcoin, they can only slowed it a bit like spamming the network. Double spending, its just a small issue haven't seen anyone complain about it. Bitcoin is not perfect but I have to agree that it represents a lot of possibilities and its a great option for fiat.