Quote from: Abiky on Today at 10:01:50 PM

Quote from: Kimberl2020 on August 11, 2021, 06:53:59 AM

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Everything has risks. Bitcoin is no exception. It's a double-edged sword where people can use it for either good or bad things. I think Bitcoin's biggest risk is the "risk of the law". Governments are devising regulations in order to "tackle" the growth of Bitcoin and other cryptocurrencies. Bitcoin can be legal in some countries right now, but that's subject to change. It's the day where KYC/AML is enforced at centralized exchanges, greatly defeating the purpose of crypto/Blockchain tech. But governments can prevent people from acquiring Bitcoin if criminal activity grows at an alarming rate. Their main excuse would be to prevent money laundering, tax evasion, and terrorist financing. After all, governments don't want people using something outside of their reach. We should learn to live on with these risks, and carry our lives as usual. As long as Bitcoin remains decentralized, nothing else matters. Just my thoughts Grin

People should really be aware about these risk and yes its really like a double edge sword on where it is indeed beneficial but of course it would really be having its cons too. Government would really be
one of the most common blockage or shall we say hindrances on why we dont able to go with full scale due to some very obvious reasons and thats where decentralization and anonymity do sets in.

Bitcoin had been issue about money laundering and other connected related issues which isnt really that surprising.As an individual then we could really have our own choice whether
we do choose to deal with it despite of those cons.