Post
Topic
Board Bitcoin Discussion
Re: What are the biggest disadvantage of bitcoin ?
by
1Referee
on 24/03/2018, 13:07:28 UTC
I think criminals use cash. They can also use monero, zcah and dash. I think bitcoin they no longer use, because it is not anonymous.

Bitcoin has never been anonymous, so that doesn't change anything here. If we as normal minded people use Bitcoin, ill minded people will do so too. It has been like that with every currency/asset in this market, and that will never change. People just need to stop acting like it's something horrible, or that criminal Bitcoin abuse doesn't exist.

Don't forget that SilkRoad (if you don't know SilkRoad, look it up) back in the days was the first actual and successful Bitcoin merchant. It perfectly demonstrated how Bitcoin can function as a currency for any sort of purchases. Granted, transaction fees and network cluttering were not a thing back then, but that's not even the point here. More usage translates into more network load, and that's why we have to revert to off-chain scaling layers, and that's all fine. Where people look at SilkRoad as being a horrible piece of Bitcoin history, I actually see it as a great and very important development.