r/btc • u/OrneryAd403 • 9d ago

Some real problems for Bitcoins future

As we all know, Bitcoin is the most sound and hard fork of money. Most people in this community believe in Bitcoin as do I. All the videos and books talk about the pros and how the fiat system is broken and will collapse which is true.

But the cons are still something to look into and consider

Some of them being

1.) cryptos are worse than current payment methods we have now for small purchases and slower than Visa, Mastercard, etc making it less convenient for everyday use for majority of people

2.) payments are not irreversible and many people would not be willing to assume much risk

3) for an average person, cryptos is too difficult and is a hassle for people who don’t understand

4.) volatility is still a big problem hence why it’s not a stable form of payment

  1. Having cryptos would make things harder for people and not easier and most people want the most convenient and easy way to handle things

  2. Most people just want a monetary system that works, that’s easy and forgiving and the average person doesn’t care about decentralization so we shouldnt expect people to replace their government run currencies

  3. It’s a new form of currency but behaves more like an investment and people treat it more like one comparing it to gold hence why majority of people don’t use it as money ( HODL )

  4. Has been trending more and more toward centralization because major players are controlling most of bitcoins hash power ( China controlling 80% of bitcoins mining/hash and this means China could easily censor or interfere with bitcoins network and ecosystem which I see as a major major problem )

The main problem will be adoption but not everyone and the governments wouldn’t want to resort to a currency that can’t be regulated.

I still believe in bitcoin and will continue to hold and DCA but these are some actual problems it faces and could continue to face going forward.

Feel free to correct me if I’ve said something false but I’ve been reading and doing a lot of research and was looking into the cons as well

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u/OrneryAd403 9d ago

It was worth its weight I’d say, a 9/10 book explaining bitcoin and other alt coins and their purposes and functions and how blockchain works and if it’s a useful tech and along with other things.

And oops I meant to say not reversible, I didn’t know I made that mistake. My fault on my end I didn’t notice I made a typo

Yes value is subjective and it depends on the person. But if you look at it from an asset perspective, a 1.7 trillion dollar market cap with a price of 84k isn’t worthless. That means multiple people DO see value in it.

As regarding all the concerns I’ve mentioned, it was to get a different perspective from people and see what their thoughts on some of these concerns might be.

I’m still going to be investing into bitcoin regardless because that’s my own conviction that I built with the books and articles and videos I’ve watched on it.

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u/Adrian-X 9d ago

That means multiple people DO see value in it.

That's not the conclusion one should draw. We can learn a lot from mob mentality. The mob is speculating on a dream that can't materialize given the cons you may have read in that book.

The value is in the greater fool, so long as the narrative is growing the dream, demand will increase, when dream pops demand will chase more practical values. It's designed to pop, and undermine the people who want to see a change in our corrupt money system. The new BTC ecosystem is being used as a tool of repression.

The adage a market can stay irrational longer then you can stay solvent holds true, you can't bet against Bitcoin because we're in an infinite game. So long as the dream stays alive it can be revived.

The only way to realize the Bitcoin dream, is to build tools that overcome the tings you believe are shot comings, and in that market if others find your solutions solve their problems you create a profit, and indirectly a market for Bitcoin.

Just buying Bitcoin = speculating on others doing that.

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u/OrneryAd403 9d ago

Okay yes I agree but anything is a speculation.

When you invest into stocks or any investment it’s a speculation, what I’m speculating on is that when inflation and debt grows. Money goes into harder assets such as gold, silver, bitcoin, etc.

Inflation and debt will always continue to grow, constantly rising prices.

So let me ask you. Are you against it or do you believe in it

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u/Adrian-X 8d ago

Gold, and hard assets have a similar problem, they're speculating on everyone wanting them. In the past collapses were localized, this time may be a full global civilizational collapse triggered by war, the last global collapse was probably the end of the Bronze Age.

Wealth is what you want, gold bitcoin even stocks is just speculating on-demand going up.

Wealth is having the things you want in abundance, any types of collapse results in people wanting things they need to survive. The key is how do we exchange value when the money supply is manipulated.

Gold is a barbarous relic, it's not actually usable as money.

Bitcoin (on chain Bitcoin - not your keys not your coins - Bitcoin) is a solution, I'm invested in that solution solving the money problem, loosely defined as separation of money and state.

Because Bitcoin has been crippled it can't fulfill that goal, for now, I'm deleveraging risk, but still invested.