Post
Topic
Board Bitcoin Discussion
Re: Something I wish newcomers to Bitcoin would understand...
by
littlebeetle
on 28/09/2014, 20:05:37 UTC
  • Unwanted surveillance and tracking from banks (what you do with your money should be only your private business!)

Not true. All bitcoin transactions are public and data mining the blockchain will one day be very profitable. Another problem is that the fungibility of bitcoin is at risk with a public ledger. For example the threat posed by "coin validation".

  • Healthy, non-inflating currency

Bitcoin is very inflationary. The supply of the currency increases by 3600 btc a day which is 9%+ per year at this point in time.