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:
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
I think except last two points, rest are the ones because of which bitcoin actually sustains and is working today. It's because of it private nature and pseudononymous nature that you feel it's so good and is a better alternative over fiat. On the same side understanding is something that comes with time and eventually you'll see a lot of people understanding bitcoin, you'll be surprised to know that even a lot of people don't even understand fiat right now, so I think it's okay if people don't understand bitcoin as well.