Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.
"Bitcoin transaction is irreversible". I would have loved it to be, but there are reasons why it's not. Also, a transaction that was made from one bank account to another is irreversible too. So it's not new.
I prefer decentralization over centralization, there are many ways banks can reverse transaction and that is a big concern which is why I love bitcoin. It can never be reversed, not even a president of any country can oder for such thing, the highest they can do is to flag the receiving wallet address. However, banks can do whatever they like with any transaction, even the government can other banks to confiscate your money if they like which is very bad.
"The bitcoin market is too volatile and unstable"
So are the forex market and stock exchange market.
"Bitcoin is used to commit crimes". (The lamest).
So does the Internet, phones, computers, guns, and all. Even harmless things like vehicles, boats, and ships are used to commit crimes.
Terrorism has always been funded with fiat currencies since before the inception of Bitcoin. You can walk into a bank and withdraw $10k cash from your account and you do not know if the money was deposited into the bank by a human trafficker.
I don't see anybody fighting fiat because it's used to fund terrorism.
Terrorism started not today because Osama Bin laden started war with US since 1996 and where was he having guns and bombs from, the money came from fiat, bitcoin was never conceive that time and terrorism was everywhere but bitcoin that was born in 2009 is now there problem. I'm not sure if there has ever been terrorism like before than now that we much technology. Bitcoin is money and money attract bad people, including the US government because they also have bitcoin.
Democracy and capitalism are not perfect, but we all want them. Why? Why don't we ditch democracy and practice a perfect system instead?
Every human being having and enjoying their human rights is not perfect so let's ditch that also.
As Bitcoiners, it's okay to accept that Bitcoin has flaws but those flaws do not in any way make it inferior. The fact that about 0.25% of all cryptocurrency activities are associated with illicit activities according to
Chainalysis doesn't make it the "tool for terrorism" as the governments want people to believe.
The government knows what they are doing and even the people know that democracy is a scam but how many of us are ready to change the democracy to another form of government without forming a parallel government. It will be difficult but it is possible.
Bitcoin is not meant to change all this but if it happens, it will clear things including the people that don't like it will like bitcoin, time will tell for sure.
