Topic: Bitcoin is not perfect, and that's okay. - page 7. (Read 1154 times)
I guess this is the price we have to pay if we really want freedom because true freedom means that you can do anything no matter the moral implications is, so yes in a way bitcoin isn't perfect because it doesn't have a binary outlook on moral stuff, it's a grey area kind of thing where everything is permitted. You don't have to say that bitcoin isn't flawless, people already know those stuff and reminding them about it isn't really doing anyone any favor because it's not like they can't do much about those flaws.
The world is not perfect either, so there's no such thing as perfect.
What makes bitcoin popular is it's usefulness to us, maybe not for everyone but those who have adopted it either for regular transactions purposes and for investment purposes. Maybe one of the many you mentioned which is this one "The bitcoin market is too volatile and unstable"... can be change in the future, and that is if there's a massive adoption that bitcoin is accepted anywhere and goverment has already clear rules about crypto industry as a whole.
Hopefully in the future we can say that bitcoin is not perfect but it made us rich.
What makes bitcoin popular is it's usefulness to us, maybe not for everyone but those who have adopted it either for regular transactions purposes and for investment purposes. Maybe one of the many you mentioned which is this one "The bitcoin market is too volatile and unstable"... can be change in the future, and that is if there's a massive adoption that bitcoin is accepted anywhere and goverment has already clear rules about crypto industry as a whole.
Hopefully in the future we can say that bitcoin is not perfect but it made us rich.
The advantage of bitcoin is higher than the disadvantage and whatever that can be used for exchange of goods and services will always be used for illicit activities. Bitcoin is not the first and it will never be the last that, because both the good, bad must render services and buy goods.
I am happy that the government have come to understand that bitcoin is not the cause of illicit activities but the people that engage themselves in such activities, and the government should go for those people. Bitcoin volatile nature and its decentralized nature has made it tough for government to understand, and that was why they were against it initially, but after some government saw the potential in bitcoin, they decided to embrace it.
I am happy that the government have come to understand that bitcoin is not the cause of illicit activities but the people that engage themselves in such activities, and the government should go for those people. Bitcoin volatile nature and its decentralized nature has made it tough for government to understand, and that was why they were against it initially, but after some government saw the potential in bitcoin, they decided to embrace it.
doesn't make it the "tool for terrorism" as the governments want people to believe.
Is this really a thing that governments are discussing these days? Because the other day I saw another topic around the same subject here and despite the FUD about illicit usage being old it makes me wonder whether they are starting it up again? 
Not just bitcoin, everything in this world has its negative and positive sides, it all depends on the person who holds it. Like fire which can be used to cook rice or burn down a house, like a car which can make transportation easier or hit someone. Religion also has different sides, one side views religion as absolute belief, but on the other side there are also those who consider religion to be an opium.
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.
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.
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