Quote from: CrimBit on October 08, 2018, 03:01:15 PM

Quote from: Impulseboy on September 03, 2018, 05:02:52 PM

If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?

Bitcoin is the best if compared to other crypto, you can see in terms of price, Bitcoin is far away from its closest altcoin, Ethereum. But irregularities in production and distribution are weaknesses of Bitcoin because of the fault of miners and this affects the price of bitcoin. Another thing is its volatility which is the biggest reason behind the investment crisis. Some other side is his involvement in criminal activities.

Criminal activities was always prone to issues on money matters, and that side of crypto really gathered negative effects towards development of increasing demand from investors. I am not a hater of bitcoin alts, but it seems that other project related to new crypto is with the involvement of crimes such as fraudulent managers who managed most scam projects, that made people became hesitant on crypto due to bad experiences. For me that's considered a serious crimes which we need to look with most of the time when we deal with anonymous people handling projects, which crypto was always concerned.