One of the primary features of Bitcoin if you havent already figured it out is that it isnt controlled by anyone. There is no central authority, no government, no Federal Reserve, and no central bank of any type. Its controlled by the people who use the system.
That status is both positive and negative. On the positive side, the value of Bitcoins cant be manipulated by central bank activity, the way its done with traditional currencies. And we already covered that there is no delay in monetary transfer due to passing through clearinghouses. As well, the absence of spending limits give Bitcoin a clear advantage over credit cards.
On the negative side, no central authority means that there is no one to appeal to in the case of a transaction gone wrong. Bitcoin is a decentralized peer-to-peer payment network that is powered by users, which means that their value is set by the market. This means that their value will fluctuate, and could even crash all the way to zero. After all, theres no central bank to prop up the value of this kind of currency.
But i think the positive sides of bitcoin are increasing day by day...i like the process of transactions without any third party or banks, which helps us to earn the maximum numbers.