Post
Topic
Board Bitcoin Discussion
Re: Can the following problems be solved?
by
Fulmand
on 20/04/2018, 16:54:32 UTC
Can the following problems be solved?

- Bitcoin is not based on "underlying" for the transaction, the risk is high.
- Bitcoin is very close to the possibility of money laundering and terrorism financing.
- Bitcoin has no "best practice" and international standards to ensure the security and efficiency of the organization.
- Bitcoin has no central entity as the subject of arrangement, no party is responsible.
- Bitcoin price is determined by the market depending on supply and demand
- In Bitcoin there is no consumer protection.
Unless the government will take action in accepting and regularizing bitcoin i dont think this problem will ever be solved. But basically this facts presented are what's making bitcoin as a signature as it is. This maybe a disadvangeous for many investors but there are also many investors who are happy and enjoying the benefits it can give them as the way as it is. If and so bitcoin will be legalized adjustments on how to regularize it will definitely change this and it wont be as original as it is. There will be implications on that case also which might be disadvantageous for one the price will increase, the anynomity will be disclosed and transactions will need more time and hassles for verificafions..the only good thing it can actually give to its investors is the security and protection against scammers and money launderers.