Topic: Arguments against bitcoin vs banking? - page 2. (Read 409 times)
For people who are not related to computer technology this can really be dangerous. You need to encrypt the keys, clear history of the browser. Do not give anyone your passwords. This is not a bank. The bank has a support service, there is a security service, etc.
Here in the world of crypto currency you are alone. Your wrong act can lead to loss of money. Hackers and virus developers do everything to get money from ordinary people and users. And no one will help you if you are in trouble.
in my opinion, the most valid argument againt all the crypto, including btc is safety/security.
Too many scam, too many theft and, different fiat coin, there is no way to recover it.
Fiat money can't steal by a virus/malware..
Too many scam, too many theft and, different fiat coin, there is no way to recover it.
Fiat money can't steal by a virus/malware..
Yes, that's a very good point. I remember how completely paranoid with security I was when I did my first transaction and still didn't feel safe enough.
And though hacking can also happen in a the banking system, they will assume the risk and you won't lose your money.
Food for thought there...
in my opinion, the most valid argument againt all the crypto, including btc is safety/security.
Too many scam, too many theft and, different fiat coin, there is no way to recover it.
Fiat money can't steal by a virus/malware..
Too many scam, too many theft and, different fiat coin, there is no way to recover it.
Fiat money can't steal by a virus/malware..
Surely the transaction fees are way lower than those of the banking system. That's actually one of the arguments in favor of cryptos. Saying they are high compared to other cryptocurrencies or if they could be improved is not an argument against cryptocurrencies as a whole.
Hello all,
I've only recently started looking into bitcoin and cryptocurrencies and I've found a whole lot of good solid arguments in favor, making a very strong case for them.
But being the eternal sceptic I'd also like to know the position of those opposing them. And so far I haven't found any solid arguments against bitcoin and the cryptocurrencies in general vs traditional banking.
If anyone here has any links to articles/videos or forum posts making valid and plausible arguments against bitcoins/cryptos I'd appreciate if you could share them with me.
Cheers!
Rolo
Just to clarify, I am not talking about arguing bitcoin against other cryprocurrencies, but rather arguments against bitcoin vs traditional banking.
I've only recently started looking into bitcoin and cryptocurrencies and I've found a whole lot of good solid arguments in favor, making a very strong case for them.
But being the eternal sceptic I'd also like to know the position of those opposing them. And so far I haven't found any solid arguments against bitcoin and the cryptocurrencies in general vs traditional banking.
If anyone here has any links to articles/videos or forum posts making valid and plausible arguments against bitcoins/cryptos I'd appreciate if you could share them with me.
Cheers!
Rolo
Just to clarify, I am not talking about arguing bitcoin against other cryprocurrencies, but rather arguments against bitcoin vs traditional banking.
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