I agree, Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. And considering bitcoin as money is not surprising but it is really not in that area. But what is important is that bitcoin has value that is very useful in many selected sites, industry and others.

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Nepal), its status as money varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently.

 These are the some of the disadvantages that i think are the most criticist. Exposure to Bitcoin-Specific Scams and Fraud are very often in the bitcoin. The Black Market Activity May Damage Reputation and Usefulness of bitcoin. Daily flactuation of bitcoi price and Susceptible to High Price Volatility. No Chargebacks or Refunds when the transaction is done and there is nothing you can do about it and Potential of the bitcoin to Be Replaced by Superior Cryptocurrency is very like to happen.

Define Better Place. Truly Bitcoin helps many people, makes things faster and provide jobs to those did not find one in the outside world. I don't know how to define better world, but i think bitcoin helps in that area but we cannot deny that also there are things that bitcoin is used in not nice things, Such us scams and thief. And some people becoming greedy with bitcoin, keeping all to themselves and refusing to help others and if they help there is a certain deal or exchange of interest. So it's not the bitcoin that making the world a better place, it's those who uses it.

Iligal ba ang bitcoin dito sa Pilipinas? hindi naman iligal ang bitcoin dito sa pilipinas, diba? ibig sabihin ligal ang bitcoin. Wala nang hindi iligal pero hindi rin ligal. Sana block na tong site ng forum kung iligal and hindi sana nirerecognize ng mga money transfer stablishments ang bitcion, kagaya ng Philippine Security bank, Cebuana Lhuillier at iba pa. At sa totoo pa Bangko Sentral ng Pilipinas Allowed 2 Bitcoin opertors ditosa Pinas.

"MANILA, Philippines - The Bangko Sentral ng Pilipinas has approved the registration of two companies to engage in the operation of bitcoin exchanges as part of efforts to regulate the fast growing but potentially risky virtual currency industry.
BSP Governor Nestor Espenilla Jr. said during the FinTech Thought Leadership Roundtable Series presented by FINTQ, the central bank has given the two companies the green light to operate bitcoin exchanges."

From the philstar.com

I don't think that would happen, But if it is going to happen i think it is far from this days. Bitcoin is really big and still growing bigger but this sites such as youtube uses dollar where we all know its like the international currency hold by the biggest country in the world such as the United States of the America. This is a trend that is very difficult to remove and replace. There a possibility but i think not now and definitely not soon that we must be prepared for.

Masmalaking Scam masmalaking parusa. Sa tingin ko kaya malalakas ang loob ng mga scammer dito sa bitcoin ay dahil sa kakulangan o kawalan ng kaukulang parusa mga lalabang o sa mga scammers. Hindi kagaya sa mga taxed transaction ay may protection or may jurisdiction ang gobyerno hindi kagaya dito sa bitcoin. At sa tingin ko rin kaya masginugusto ng mga scammer na dito mag operasyon sa cryptocurrency world ay dahil tago sila at hindi nila kailangan magpakita at hindi sila makikilala kung sino talaga sila.

That's right, Bitcoin itself is not a gambling it's a currency to be and is used. But we got to admit that almost all bitcoin related industry is a gambling from trading, investing and gambling itself and other forms of bitcoin transaction. But comparing to gambling investing and trading bitcoin is different, well it is really considered a gamble because of the risk it has but in bitcoin it has high chances of payout just need the right knowledge and experience and cyrptocurrency.

Syempre parehas na advantage at disadvantage yan, dipende lang sayo kung long term ang pagiipon mo ng bitcoin or weekly salary and cash out ka. Pag loang term holder ka ng bitcoin syempre advantage kasi makakbili ka ng murang bitcoin na predeng ipalit makalipas ng ilang buwan o taon na kung saan mataas na ang bitcoin kumpara sa ngayon. At disadvantage naman sa mga weekly salary and cashout at maghihintay pa ng ilang araw o lingo para tumaas ulit ang bitcoin kahit kailangan na ng pera.

Una as lahat gobyerno ang nagtatakda ng tax, pero kaya naman nagkakaroon ng tax upang gumanda serbisyo para mga nasasakupa nito. Kung mapaptawan man ng tax ang bitcoin ay magand namn itong maidodolot sa mga nagbibitcoin yun ay ang magandang serbisyo, proteksyon sa mga nagbibitcoin at sa mga cryptocurrency na naitatago natin. Pero yun nga lang mabbawasan ang kita sa pagbibitcoin dahil mapupunta na sa tax.

I think more countries will ban bitcoin and the other that already did that will not lift the ban, beacause of one word "tax". Countries or the govenment cannot tax bitcoin so banning it would be a logical or something.
Because it is unfair to some bussiness man that are paying taxes who's already rich and getting much more while other low class to middle class people suffer more dificult life. And i think cyptocurrency is really the future but modification will be made and government will put a grip on it.

actually, meron nang batas ang ibang bansa tungkol sa bitcoin at yun ay ang pagbbanned sa bitcoin. At wala na akong ibang alam. Kaya nga yang protection na sinasabi mo sa wala talagang batas para jan kaya tayo mismo ang reponsable sa pamamagitan ng tamang kaalaman para hindi maloko at hindi mapagsamantalahan. Ito rin ang isa sa mga dahilan ng mga kritiko ng bitcoin, ang kakulangan ng proteksyon ng bitcoin at ng mg nagbibitcoin.

I think Internet shutdown is a fiction for now, i just saw it in movies and no one believing bitcoin is also something that is not possible for now, and i'm not even thinking of a world war 3. But i think the possible desdruction of bitcoin is govenment by banning bitcoin in countries and this is already true to some countries such as bangladesh, kyrgistan, and some more. And it's not impossible for other countries to do so.

At first, well i can't say that i hate it but it's not ethereum it was my lack of knowledge. But for a while i am loved it and still loving it. Well who wouldn't love ethereum specially if your getting something from it which is money, and who doesn't love money?. And support any ICO, we are in the same forum and each has their own part and if you won't support then don't destroy.

Nalaman ko to sa kapatid ko na sinabi din sa kanya ng pinsan ko, at kaya nasabi yun sakin ng kapatid ko ay dahil nagtanong ako. Dahil nagsimula ako sa faucets at napakatagal makaipon at napakababa ng nakukuha. kaya nagtanong tanong na ko dahil hindi ko na kayang maghintay at nangangailangan talaga ako. kaya ito, andito na ko sa forum at nag signature campaign na.

 Hindi naman natatapos ang pagaaral ng bitcoin, laging may bago at dapat bantayan ang nangyayare. pero tama na ang ilang lingo sa para malampasan ang pagiging newbie. kaya sakin mga 2 buwan na rin akong nagaaral ng bitcoin pero ang dami ko pang aaralin.
 At sa site naman, dito ka rin lang naman ituturo ng google madalas kapag nagsearch ka. Pero meron naman madalas yung mga critique ng bitcoin ang napupuntahan ko at may natututunan naman kahit papano. Pero dipende kasi sa gusto mong matutunan, magbitcoin o bitcoin.

Thats right possiblility is inevitable.
Bitcoin has found its own way to grow but ethereum has been doing that too in its own way in the alternate cryptocurrencies.
But time will take to be long, as it was not the first like bitcoin. I agree with 10 years but there is also possibility that ethereum wont be able to surpass bitcoin.
Again possibilities is many but chances varies.

It was my sister, she was asking me if i know about bitcoin. Because she just found out from our cousin that his eldest brother just bought a 30 thousand pesos worth of cellphone. And the money was from his salary in bitcoin campaign. I did not believe at first because i thought it was a scam but when my sister started recieving salary from bitcoin signature campaign i became interested and persue my bitcoin life.
That's my story.

I agree,
Ethereums are stblished, big potential and one of the most used alternate cryptocurrency. And to keep it safe and not taking risk in big promising coins but not tested.
And also you said long term, it is the real key word for taking ethereum. Buy ethereum, it is the best decision to do.

That's right.
Any change in the value of bitcoin is something but in the long run bitcoins value will rise inevitably.
Because as we all know bitcoin is mined by super computers, something like that and as times go by less bitcoin is mined at the same rate and it will come to its limit of acquiring all bitcoin.
By the law of reason and logic bitcoin will be and is like gold.