Every good thing has side effects, I believed bitcoin ha play roles of changing lives and improving digital structural economy. But bitcoin also has negative damnation on lives by impoverishing people of their spare resource and income. Today I want point out some negative impact of bitcoin on societies such as:
Where is the negative if someone can place bitcoin correctly and cases of fraud in the name of bitcoin cannot be separated from individuals or groups who try to take advantage of other people's stupidity, but it is not actually bitcoin that initiates fraud?
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
More precisely, it is stupidity that brings people to the stage of fraud, what is the difference from the fiat system that has existed so far?
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
Again talking stupidity about refunds due to errors in transactions. Can you exchange when you buy the wrong item?
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
All the complexity in this world is inseparable from how you can control it, including privacy, counterfeit apps and fake bitcoin sites. Attempts to scam are everywhere and many people fall for it due to ignorance.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
If people can why not us. If they are able to deceive why can't we avoid being deceived? while there are secure wallets to store bitcoins.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
The advantages possessed by bitcoin and for this reason we believe in a system of freedom in holding bitcoins. Meanwhile the fiat system tends to be controlled by certain parties and can be monopolized according to interests.