Today I want point out some negative impact of bitcoin on societies such as:
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
Change is inevitable , if you don't want to move with it...it will go without you! This is as good as the Tin can telephone days and then the telephone came and you say am not ready for the new tech, am sorry these technological development's will happen and people need to be invested in them....Same thing applies to crypto, this is the digital age and most of the stuff we do today has a footprint in the digital world and this is whats happening even with our money.
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
definitely one of the downside of crypto but this also solves the issue of bad actors trying to scam sellers or other parties after a successful transaction, it's all about getting used to it.
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
I think people are now woke and will see such a mile away.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
Fiat suffers from such kind of attacks and not new to crypto but its all about improved cyber security measures and getting educated on how best to protect ourselves and have zero tolerance on pirated software as this is also a source of compromise.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
Unpredictable and system still works thanks to supply and demand!