- Bitcoin is a global system and not limited to individual nations.
- Bitcoin is globally accessible and can be used anywhere, within minutes, by anyone. Signing up and handling are as easy as creating a mail or sending an e-mail.
- Network transfer and validation with Bitcoin can be completed in minutes and anywhere in the world.
these are basically the same thing.
- The miners who handle the transactions are rewarded with new bitcoins. This makes the system strong (it would take 51% of the total hashrate to successfully attack Bitcoin)
the reward has nothing to do with making the system strong against 51% attacks. the system is strong against such attacks because of the large hashing power and the fact that it will cost a lot to perform such attacks.
- The Bitcoin system is deflationary. As Bitcoin owners often speculate on ever higher price rises, they barely spend their bitcoins, but collect them in their wallets without putting them into circulation (can also be seen as an advantage that Bitcoin is worth more and more)
- So far, there is still a relatively low acceptance because Bitcoin is still hardly known to the majority of the population.
- The Bitcoin software is still in constant development and not all functions and services have been established or even developed by the general public.
- Only 8 transactions per second (but the development of the Lightning Network should improve that)
- Early adopters, like users who have already purchased large quantities at very low prices, are already benefiting much more from the price increases.
- If a country stops trading in bitcoins because of banks, it can cause a sudden price dumps, since then Bitcoins can only be traded illegally
- The banks and rulers will try to criminalize the owners of Bitcoin
the only thing that is actually a disadvantage in this list is the TPS. others are not disadvantage of bitcoin. and most of them are basically the same argument about the price.