So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
Because, there are some of the most prominent disadvantages of bitcoin and all this you need to know and be taken into consideration, including:
Still many people are not familiar with bitcoin nor the digital currency system.
Bitcoin is still under development, so it features are still very limited.
Price or value per 1 bitcoin can suddenly freefall becomes very cheap.
When compared to businesses that accept the common currency, then companies that receive bitcoin's still very little in number.
If a company's willing to accept payments with bitcoin, but Customer Service doesn't understand and causing inconvenience in transactions.