Re: What do you think are the biggest disadvantages of Bitcoin?
Here are some disadvantages noticed by users.
Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Built in Deflation
Bitcoin Valuation Fluctuates
No Valuation Guarantee
No Buyer Protection
Risk of Unknown Technical Flaws
No Physical Form
Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Built in Deflation
Bitcoin Valuation Fluctuates
No Valuation Guarantee
No Buyer Protection
Risk of Unknown Technical Flaws
No Physical Form
1) we're getting there
2) so can real wallets
3) really?
4) and it will do for a few years at least but we will find a stable price range in the future
5) nothing has that for real
6) use an escrow
7) same with banks or in case of cash with your pockets
neither does fiat in a lot of countries right nowWe have a risk in both fiat and bitcoin money. But for every problem we have solution. In fiat transaction also some fraud thing will happen example credit card fraud transaction but here we have customer support to get help, this facility we don't have in bitcoin trasnmction. Today we don't have, but in future, i think it will come. So try to make bitcoin famous later all issues will solve automatically.