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.
"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.
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.
Bank transactions arent irreversible? I dont think so.
Volatility? Its normal.
Commit crimes? Fiat had been used for a long time.
Terrorism? Same goes for fiat
I dont see these things to be flaws but rather these are issues been thrown out commonly into those someone who do hate up Bitcoin but if we do look up throughly
in regarding into its benefits not only just into its utility but also in money making opportunity then we could really be having that win-win situation.
Those issues above arent really that truly an issue, it is really just that false media on which government had been doing all this even up to this time.
They wont really be getting tired on trying to destroy the image of Bitcoin considering that it is gradually getting that kind of attention on which
government would really be that not shocking they will really be trying out to destory its image so that people wouldnt really be tending to engage out.
