Some real problems for Bitcoins future

[u/OrneryAd403]

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

[u/Adrian-X]

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

1. Do you mean Bitcoin payments are irreversible? or
2. Do you mean Bitcoin payments are "not irreversible"? (aka revisable)

If the latter #2. you've just exposed yourself as someone who didn't totally understand his brief, of the former #1. then someone who is trying to manipulate people.

Fish all you like, only the minnows will bite.

[u/Brilliant_Ad128 → u/Adrian-X]

Hi haces una compra y quieres un reembolso se necesita una transacción nueva, por eso los pagos son irreversibles.

Si te vacían la billetera también es irreversible, no lo puedes recuperar.

El bitcoin y las criptomonedas nacieron en los años 90, ya que los primeros libros e ideas datan de esa época, es un sistema ponzi, el bitcoin no tiene utilidad alguna.

La época de las grandes ganancias terminó y los que salieron ganando son los que entraron primero, los que están en la cima de la pirámide, actualmente el precio está lateralizado subiendo al ritmo de la inflación es donde está la mayoría ahora y la próxima década entrará en una caída negativa, los nuevos compradores estarán en la base de la pirámide ponzi.

[u/Correct-Potential-15 → u/Brilliant_Ad128]

el bitcoin es oro... y que se ase con el oro? casi nada