Post
Topic
Board Bitcoin Discussion
Re: The Problems of Bitcoin (yes there are some)
by
finn.cole
on 17/01/2021, 23:38:23 UTC
Biggest Bitcoin problems in my opinion:

- Too complicated for masses
- No 100% reliable back-up protection if private keys are lost or stolen
- No charge-back option (this is both pro and con)
- Not enough big merchants

https://temporaryerror.com/the-problems-of-bitcoin/
I agree with you. But I'm sure that these problems will be solved soon, except for one. The biggest problem is that a lot of people simply don't know about cryptocurrency or they don't understand how it works. And there's also a type who refuses to invest their money in any crypto-exchange because they're afraid of losing money. To be honest, I don't think this problem will be solved in the coming years because old school people are used to living the way they live now and don't want to learn any new things.

What are your ideas on how to solve this problem?
Talk more about cryptocurrency
Explain its meaning
Explain how it works
Show the pros and cons
Explain that crypto is our future and why it's so important to invest in it right now