Post
Topic
Board Economics
Re: do you know about improper use of bitcoin?
by
Duogembrot
on 10/12/2017, 07:50:06 UTC
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?

as far as I know the proper use of bitcoin to transact payments, if crime for ransom crime is not appropriate, because transparent bitcoin technology makes it easy to track. so it's a good idea to use bitcoins for the right payment like buying legitimate items.