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?
The only downside of bitcoin is its decentralised nature, as we all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all its transactions and this thing is misused by several social defaulters and they use bitcoin in selling drugs, explosives, money laundering and this is the reason why most of the countries do not want to legalise bitcoin in their nation as no country wants to bring terrorism in their nation but to solution of this problem is lies in the problem itself as to stop the illegal use, bitcoin needs to get centralised all over the world.