Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not perfect, and that's okay.
by
ancafe
on 17/11/2023, 01:25:22 UTC
Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.
Whatever is created by humans will certainly never be perfect, but we look for something better than many shortcomings. Bitcoin provides freedom and bitcoin can make someone more productive in generating profits if invested correctly. There are many advantages in Bitcoin and there are also disadvantages so that we can verify it ourselves because that is where caution is needed for users.

"Bitcoin transaction is irreversible". I would have loved it to be, but there are reasons why it's not. Also, a transaction that was made from one bank account to another is irreversible too. So it's not new.
Have you never used bank products because they can also return your funds? I remember several cases that have occurred where bank customers sent money to online purchasing services but because the goods never arrived, the victim reported it to the bank and the perpetrator's bank account was frozen. But in many cases banks don't want to do that for privacy reasons to protect the customer's identity, even though it is clearly a fraud.