Topic: Does bitcoin solve more problems than it creates? (Read 2486 times)

solve the problem to be the biggest for bitcoin. now we think if bitcoin only causes problems why is there bitcoin until now? isn't bitcoin a source of profit. So if talking for bitcoin as the source of the problem I think that's not good

Bitcoin is not problematic but rather a comparative advantage for people who are open minded for investment and financial breakthrough. I’m not ignorant about the activities of scammers online using Cryptocurrency as means of defrauding and extorting.

Bitcoin as a digitized currency is decentralized and these means it’s not controlled by the centralized Authority. Bitcoin shouldn’t be seen as a problem. I don’t know if there is any means of detecting bitcoin scammers.

- Much better, to have more profits in the long run


- If you have funds and it's legal to your country, obtaining Bitcoin is not a problem. About it's difficulty to use, the word "study" do exist.


- Even your money in bank accounts could be hack, and sending it to a wrong address is the same as sending it to a wrong bank number, in short, it's your fault and responsibility, not on Bitcoin.


- Same in Fiat.


- All of the currencies and even cryptocurrencies are being used by criminals, that's why it called money.


- Blockhain is much safer for me and can't be manipulated by the Government unlike Banks.


- Again, it's your responsibility. No one is forcing you to buy Bitcoin if you don't want. Just chill and watch us getting profits from it.


- Banks are also a scam, and it's not Bitcoin who is a scam, it is the company that you were saying. Scammers existed first in Fiat.

We can't compel individuals on the best way to utilize bitcoin in a privilege or terrible manner, that is their decisions throughout everyday life. In spite of the fact that bitcoin's shortcomings were being manhandled by insatiable individuals, we can't reject that it has incredible positive uses to the opportune individuals who truly accepted the philosophy and its genuine employments and that"s what makes the distinctions that truly cleared the new first light of installment and monetary arrangement of things to come.

Bitcoin is a digital currency with lots of digital flexibility and can be used for lots of online trade and investment so with these I can boldly say bitcoin solve more problems than it creates. Since the creation of bitcoin there have always been controversy but the importance of bitcoin cannot be underestimated.

Many have found sources of living good life and making great investment and trade using bitcoin technology. I’m not ignorant of the devices of scammers capitalizing on bitcoin as a means of scamming people online because of its digital flexibility. That’s always why it’s advice to keep all your recovery details secret and in save location.

For YOU. It seems that the cons outweighs the pros, but in reality it doesn't. Have you ever been used bitcoin for transactions? Because it is nonsense if you didn't ever experience doing so. All of those cons that you'd listed are already existing. Bitcoin will not resolve the hacking on exchanges LOL. I had nothing to complain on using bitcoin, probably if you don't know much you'll to more.

Yes, bitcoin solve more problems in some countries that made it legalized. Here are some of the problems bitcoin solve in some countries of the world:
1• unemployment: Bitcoin has help some countries to reduce unemployment in the country which many citizens are enjoying today by engaging their self in bitcoin investment.
2• Bank delay: Bitcoin also solved the problems of transaction delay in the country which many people in the country are seriously facing over some years now, which is not giving them joy because of the delay they are experiencing from the bank system in the country. Since bitcoin came, every international transaction and local transaction became easy for all businesse men and women in the country.
3• profit making: Bitcoin help some users to know how to make a good profit from their Investment, not to experience any lost from their businesse in the country. It solved the problems of lack of profit making in the country which many traders have been facing in the market.

And this is the reason why Bitcoin user base has remained stagnant for the last 2-3 years. jcoin200 raised some very valid points. Volatile exchange rates, difficulty in obtaining BTC, wallet hacks.etc are some of the reasons why ordinary investors refuse to consider Bitcoin. Up to a certain point, solutions are available for all these concerns. But Bitcoin's failure is in taking these solutions to the common people, making them aware about it. And saying "If you don't like bitcoin, don't use it", is not really a solution.

That's right. If you think BTC is not for you then walk away. Simple as that.

On the other hand, I must say that most of the cons as initially listed aren't in fact cons at all. For most of them there are ways to control who for instance has your private key (this should be yours and your alone) you can also not send your funds to the wrong address 
Most of these are things that are very simple to solve.

There's nothing wrong with BTC but the people using it. Amen.

We cannot force people on how to use bitcoin in a right or bad way, thats their choices in life. Though bitcoin's weaknesses were being abused by greedy people, we cannot deny that it has great positive uses to the right people who really believed the ideoloy and the true uses of it and that"s what makes the differences that really paved the new dawn of payment and financial system of the future.

1. not really. A 5% volatility we're experiencing nowadays isn't a big thing. I feel like the volatility of fees can be more annoying than the volatility of bitcoin.
2. This problem doesn't exist for me and for anyone willing to take 10 min to learn how to do it. You can go to a nearby ATM and buy there. It's as easy as buying a foreign currency with cash/card.
3. I've been in the space since 2015 and never had a single satoshi hacked or lost. If you cannot copy/paste a string of letters and numbers maybe you shouldn't use electronic banking too?
4. That's why smart people don't hold coins on exchanges. Also, exchanges aren't the only source of coins. You can by p2p, there are f2f exchanges where you can bring cash to an office and get coins sent to your address, you can use an ATM.
5. Guns enable criminals to shoot you. Should we ban gun stores around the world? I couldn't care less that someone somewhere buys drugs with Bitcoin. People do it anonymously with cash every day.
6. Like PayPal? Sure, but those are custodial services. They own your money and if they fuck up you're stuck with support tickets.
7. Just like with cash purchases.
8. Scammers existed when people were paying with gold coins, they existed when they bartered, they will exist in 2050 with bitcoin or without it.

These aren't real cons...

Usage by criminals is not Bitcoin's fault. And the media always try to paint Bitcoin as the preferred currency of the criminals, although facts prove otherwise. A recent study by Elliptic found that around 1% of the Bitcoin transactions are associated with illicit activity, such as drugs trade or money laundering. And this proportion has been steadily declining, ever since 2013. 

I never understand any problem or drawback with bitcoin. If anyone is using bitcoins for criminal  purposes, then you cannot say that it is a drawback of bitcoin or cryptocurrencies. Bitcoin can give countries financial freedom provided they make them legal.

Bitcoin doesn't create problem, its actually made to solve problem. Its just that, from the answer it creates problem which is to improve the whole system. Bitcoin is at its early stage so its expected to see problem. When Bitcoin is fully established, we can see how Bitcoin can make a revolution where it can be used in different application in different industries.

I think the cons are created from how types of people have bitcoi. if the person can be wise and can be safe in using bitcoin I think it will not happen hacks, wrong sending addresses or other things. this is just the fault of the person himself in guarding bitcoin

It would seem as though these "problems" aren't that big than you're making it out to be OP. First and foremost, for you to even have thought about buying bitcoins, you first have to have surface knowledge regarding bitcoins. That includes everything that you are downplaying about cryptocurrencies particularly bitcoin which everyone is already aware or had a workaround to begin with. Time and time again there will be people like him who have not done his/her own research before jumping to the bitcoin hype. For all I know we'll always have these types of newbie questions for as long as bitcoin is alive.

Every single "problem" you mentioned is wrong. 
Why are you here if you feel this way?

Problems with btc:
1. Have you ever looked at other countried currencies? Many of them have just gone down vs USD since they were created. Do you think the world runs on USD?
2. Opening an account on an exchange is very much like a bank account but faster and easier and less wating. Once it is done you never have todo it again.
3. This is your own fault if you get hacked. Blaming putting a wrong address is like blaming the car for going right when you wanted to go left.
4. This happens with fiat stock exchanges. Infact it is a lot easier to lie about how well a company is doing. Once the info is leaked that they are not the stock tumbled to near 0. That's much worse than any crypto I have seen crash.
5. So does every other payment option...
6. No not true. It's enabled me to earn online and easily receive and send currency. It is safe and I am in control not some bank.
7. Wtf is buyer protection? Your brain is your "buyer protection" I can't believe you think you going to get "buyer protection" with any investment you make. Do you not grasp the concept of risk vs reward?
8. That's nothing new where have you been living before 2009? That's like blaming the internet for scams.

feel free to add to this list ^^

There is nothing to add to your "list"

To me, this list you have made looks like biases and not comparisons. Because bitcoin is never difficult to obtain; it is so easy to obtain bitcoin in the year 2020 that all you need is a debit card or a credit card; except you simply show no interest in bitcoin. And more importantly, bitcoin literaly made it more easy to send money to several countries easily.

There are frauds everywhere and the blockchain would not be an exception, this is why when you create a bitcoin wallet, or an exchange account, you are always told to protect yourself from third party data theft, hacks and also losing your private keys.

Bitcoin solves several problems in the blockchain today.

Today I transferred Bitcoin from one wallet to another and made sure that for this period the amount of commission is much less than when transferring any coin on the Ethereum network. Based on this, the Bitcoin transaction price looks more attractive, although the transaction speed still wants to be better. If the scalability problem of Bitcoin can be solved by the broader, who will not have dark spots for Bitcoin that would cause problems.

This is all very subjective. 1 is what makes Bitcoin attractive to traders, 2 seems unfair because it's not that hard to learn how to use Bitcoin. As for 3-4, robberies and mistakes while sending money using a card number is also very real. And quite a few points are essentially about one thing: scam. Oh, and regarding 5, it's not like criminals don't use fiat for financial operations.
The advantages are vague as well, since in many situations it's cheaper to pay with fiat than Bitcoin, and not everyone thinks 21 million limit us a good thing.

Necroooooooooooooooooo
It seems someone decided to reanimate the topic of 2014.

Not surprised that this was done by a newby account, but how did he unearth this ancient topic? 

Yep. Hence, bitcoin is money for smart people.

I personally find no reason to use bitcoin on a centralized site. Use your bank or paypal. Bitcoin loses its point. Usually the guy that will use coinbase.com or blockchain.com as a wallet, is for investment and not for long term.


Again, you have to love the idea of cryptos, if you want to find them useful.

Most of the point listed are aint bitcoin problem but rather the problem associated with the users. For instance, I do not always encourage new users who do not much about crypto to make use of centralized wallet such as coinbase and not the decentralized one. This is because they can easily recover back their password if they do not remember the password. Using decentralized wallet might be problematic if you are kind of person that don't know how to take care of files or reckless

Lol, I love bitcoin, but OP isn't wrong. (And that hits me hard  )

I can't convince OP to use bitcoin, but this: I use bitcoin, because I f*ckin love the way it works.

In the case of scammers, you shouldn't have added that to the problems that bitcoin has brought lol. I have seen and heard a lot of scam stories and 90% of them were not making use of bitcoin or any cryptocurrency at all. So how is that a problem that was brought by bitcoin? There are no places that you won't find scammers, they are everywhere. Recently, some scammers were busted in Dubai, and the news never said that they were using cryptocurrency, rather they were even using banks.

So, does that mean we should say that banks brought the problem of having scammers in the society? No. So let's stop blaming cryptocurrency for scam, you should rather learn how to be careful and avoid them.

All good things have some flaws, not all are made perfect to have some room for improvements. Having bitcoin as decentralised system can be an advantage and disadvantage depending on how we wanted to use it. In terms as investment before it pumps too much it is indeed a great investment that makes many investors earn same with as way of payment method in different online transactions. Sometimes the problem is not really the product, its the user and the people who ban or put limitations on how it can be improved more.

This comparison is useless, I can add many flaws and many advantages, but what determines the usefulness of digital currencies as an investment are factors related to the investor.
Do you have enough money, knowledge, technical expertise, price analysis and forecasts for fluctuations, if the answer is yes then the cryptocurrency is an excellent investment for you.
I can determine the appropriate investment with me by answering the questions above and asking more questions and inquiries.

I’m trying to answer you on my own thought. forgive me if I’m wrong.

1. it is worstly unstable. but many people are invested on BTC, there is huge uses of BTC in current world and liquidity is high so we can ignore your issues now.
2. difficulty to obtain and use, it is reducing day by day and already you can notice it too.
3. I think it’s your personal problem. you can't blame that BTC is unsecure.
4. it is a big problem. we can get rid of it if we are alert. not only for BTC, Fraudulent activity can be happened anywhere.
5. it is open for everyone, so if criminals use it to get paid. that is not Bitcoin's fault. you can use a knife to cut fruits, again you can use a knife to kill someone. so, it is not the fault of knife.
6. It's true but BTC is the best all of them.
7. I don’t know what you actually mean by saying it.
8. yeah, scammer is a big issue for us. we will be alert all the time, we need a permanent solution badly to avoid scammer. But not only BTC, people are also victims of scams by using faith money.

almost all the problems you've mentioned are solvable. that's why people are using BTC and believe on it.

Certainly, I believe the OP would have a change of mind were s/he to make that OP in today's world. The simple fact is that the demerits penciled against Bitcoin are nothing to hold waters under a critical examination. Bitcoin remains a life saver for all, except the haters of progress. Bitcoin is all that is good!

The first is not really entirely correct, i mean look at the stocks it has been in wild swings and currently about to dump, probably the worst.

2nd i dont see difficulty in obtaining it, there already a lot of Online Wallets and BTC ATM's that support it.

it seems to me that you've just spouted things you haven't fully researched on and only based your statements in heresay.

Whoah, not sure you'll actually read this, as this is a very old post. But LOTEO man, these guys scammed me and many others good, are they even still around?

As of 2020 most of the points in the OP are very outdated anyway, so I wont bother answering that. I'll actually send you a DM about this, want to catch up with people still dealing with Loteo


Why create an account to seemingly just bump such an old post?

Well for me I would say bitcoin has actually helped solved many problem than it creates.
 For example the problem of joblessness in some countries were much because of lack of companies, but citizens who embraced bitcoin will eventually become self employed because there work and get paid in crypto and the rate of unemployment and joblessness will be reduced because citizens has found something doing which could even pay them much more than what most companies offers.

Really? So, how many of these plenty ways allows users to send any amount of money shortly? With bitcoin sending money doesn't need all this documents verification(KYC), high transaction fee, long protocols, etc. ¯\_(ツ)_/¯

First of all, the way I see Bitcoin it’s not something that everyone must use. No one is really forcing anybody into it, if you want to make use of it it’s up to you. As for being volatile, that’s not a problem, it’s an asset that we are all investing in and the price is meant to fluctuate. You’re already being told that you shouldn’t invest in Bitcoin or any other volatile crypto asset what you can’t afford to risk, so this one is no longer a problem.

As for your second problem, I don’t see what’s difficult in obtaining Bitcoin, you can make use of legit exchanges to buy Bitcoin, we have Binance, Coinbase, and even BitPay, Luno, and Blockchain wallet, they all now allow users to buy Bitcoin. That one is not even problem. Then number three, I don’t see how you’re sending to a wrong address when what you do is to copy the address and click send. Most of the things you have stated is not a problem for many people.

This is particularly true, in my opinion, bitcoin helped me more because I found a way to earn while in quarantine, maybe with all the bad news associated with bitcoin, we can't the good thing that if offers, the scammers will always be there and there will be problems but this could be solved if we help in shouldering the burden.

Mo money, mo problems. So I guess it does create problems. 

People need to remember bitcoin is still an experiment/experimental really. It was created to solve the problems of current money and it does, but that doesn't mean it is currently perfect and whether it will truly succeed as a useable currency.

my opinion has always been

vice needs fuel new user wallets

GREED (people get into btc for greed, invest and mining examples)
DRUGS (people use and sell it's a great vice currency)
GAMBLING (people all over the world gamble and btc casinos are a huge growth industry)
PORN (great currency for adult industry since tradtional banks hate porn)

Almost everyone on the planet can be slotted into one of those vice areas as to WHY they need btc

btc is a perfect fit as to a vice currency to feed those vice needs

cash has fueled drugs, porn, gambling vice for years

now OL drugs, porn and mostly gambling is fueling btc

silk road was the drug vice fuel, now there's hundreds of silk roads
OL btc casinos are the new major fuel for new consumers entering into btc
GREED is obvious, all the mining and investing is GREED vice related, the insatiable need of humans to MAKE MONEY
Porn will soon convert to btc IMO

Yeah bitcoin has its weaknesses but it also solves many of the financial issues we are facing with cheap free flowing fiats. But once these issues get overcome it will definitely take off.

Bitcoin also solves this problem:
http://downtrend.com/71superb/small-business-owner-fights-back-after-irs-seizes-35000/

Bitcoin only solve one problem: Fiat money being legally counterfeited everyday, while with bitcoin you can not counterfeit it even you pass a law

police wont look into fiat crimes.
if its small amount of bank notes they will say unless you have a suspect on video or can prove it, its just hearsay.
if its credit card fraud they tell you to go to your credit card company.
infact if you carry $10k+ over a state border they take it off you (research policing for profit)
if you think FIAT is stable in the last 5 years has the income you got in 2009 bought you more goods or less. EG bread 2009 ~$2... but now ~$2.50 meaning less bread now. (remember the financial crises!?)
should i bring up venezuela, argentina, cyprus, russia, greece, etc and their current economy?

bitcoin is not controlled by the elite. i had someone just last month start selling goods in bitcoin, he is making a nice income.
mining is not the only way to earn bitcoin and profit, infact just like gold its easier to open a pawn shop accepting gold, rather than start mining for gold
its easier to start a bitcoin business compared to a FIAT business. no paperwork to get 'accounts', etc to start accepting payments.

So you're agreeing that btc has all the same problems 

Except, fiats exchange rate is not exactly day to day "wild," and the income equality problem is not solved by btc.  Its still controlled by elites who hold the majority and are able to manipulate price.

And if someone steals cash from you, police will at least look into it.  BTC, your on your own.

Problems with FIAT
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people as they are all on minimum wage)
3. getting taxed fined or robbed by doing things where others are not even hurt
4. fraud/theft at banks (if it happened at HSBC, JPMorgan it could happen anywhere)
5. it enables criminals to get paid
6. there are already plenty of ways to send money online a lot easier, it doesnt really need anything new thats free, after all FIAT = added fee's
7. absolutely no protection, unless you pay for insurance or band security
8. scam companies/scammers
feel free to add to this list ^^

good things:
1. if you hand police, judges or state officials it.. they leave you alone

1. that is due to it being early days
2. same as 1
3. that is the responsibility of the user
4. do not trust your money with third party
5. criminals also use cash
6. it sends money without the need for 3rd party, this is new
7. buyer protection requites 3rd party which could be organized by a 3rd party
8. government hasnt yet had time to regulate the space

1. This is just a functional of the relatively small market cap and speculation in BTC; as the market matures this will be a self-solving problem. But it's a bit silly to complain about a "problem" that exists only because BTC has rocketed upward in value in the past 5-6 years. That's like complaining Apple stock has a problem because it's been so profitable.
2. It's easy to sign up on coinbase and link your bank and/or credit card to it, to buy BTC. Trivial really, and no harder than signing up for a new user account on any given retail website. So I don't buy this one either.
3. I don't see anything unique in this - in principle you can make equivalent errors with Fiat transactions.
4. I agree this is a problem; customers of exchanges do need to keep voting with their funds, favoring exchanges that are the most transparent and aggressive in maintaining good security. Fiat exchanges in principle could be just as vulnerable to online theft, so I see the difference here as largely one of crypto exchanges being less well-funded and they've not been around long enough or have enough experienced employees to have a full security system in place.
5. Criminals also move fiat around on-line. Granted, the pseudo-anonymity of crypto is attractive to criminals. But it is also attractive to legitimate dissidents to repressive governments, and free citizens worldwide who shouldn't have government/neighbors/anyone else snooping on them either.
6. With logic like that we'd still be walking and refusing to ride horses, much less drive cars! Sure you can send fiat around with a 2.9% or $10 or more transfer fee, but BTC is MUCH more efficient. And much faster. These are clear wins for crypto that will ultimately force the issue - people do not like wasting money and BTC/altcoin transfer efficiency will steadily defeat competition over the long haul for this reason.
7. Buyer protection is only as good as the company offering it anyway; legitimate businesses will treat customers fairly if they want to avoid a death spiral of negative publicity. I think this is the one issue BTC supporters stress about more than they should. It's not a non-issue, but long-term business self-interest makes it much less of an issue than many people think.
8. Granted there is an intense focus by criminals on bitcoin these days; most of us here for any length of time have shrapnel in us attesting to that fact, myself included. So I'm in agreement on this one, and think we as a community need to develop and publicize best practices for individuals and businesses to defeat the scammers. If we can block 90% of the scamming with a reasonable combination of security improvements at exchanges and so forth, and increased user awareness, and improvements in wallet software and so forth, we'll hopefully drive the scammers to go chase lower hanging fruit somewhere else or just give up.

Funny how people are acting like this is something new.

Have you read the white paper?

You forgot a few.

good things:
3. control of your own money (no need to trust an institution)
4. enables business to reach larger market
5. enables individuals various legal ways to earn
6. enables to donate directly to the people in need, as opposed to intermediary thieves in charity organisations
7. enables you to send money to friends online
8. improves technology economy (people buy lots of hardware equipment)
9. many fun projects
10. proof that decentralized systems can and do work

and 3600 BTC are created every day ...

Few people hold the majority of dollar. This will happen with any currency (since that's how capitalism works, unfortunately).

Few people hold the majority of bitcoin, most people do not have the bitcoin, this is the most serious problem!

Bitcoin creates no problems. People create problems.

this

people are dumb.
they pay banks because they "think" that it's normal ... but bank generate virtual money everytime people "buy" or "receive" money.

banks will pay customers for this !
banks will pay credit card to customers !





so, bitcoin !

2. difficulty to obtain and use (for most people)
i think this is the biggest problem ,If there are a lot of people use the bitcoin, then the other  7 problems will not be the problem.

I live and work in Germany, I get paid in dollars.

I convert my dollars to bitcoins. I sell my bitcoins on localbitcoins for euros.

I do not have to the high conversion fees. I do not have to pay the high wire transfer rates.

Because I sell on localbitcoins I actually make about 10% on the conversion.

No problem here.

Bitcoin's problems will be solved with time.  Fiat's problems will become worse with time.

I'd like to provide some counter arguments to these points.

1.  A lot of people will see the flux as scary, and thus not trust it
2.  Nothing here, just a good point by you.
3.  I don't pay to keep my fiat safe?  As a matter of fact they pay me to keep it safe...(Savings)
4.  Did you actually lose anything in those breaches?  I know I didn't, I did have the hassle of having to get new cards though.
5.  No point here
6.  No point here

What I like about Bitcoin:

1) It's not hard to earn some by doing work for other Bitcoin users or taking a few risks on the exchanges if I stay sharp.
2) I can just store them on my own computer rather than using a third party like a bank, and it makes them easier to spend them without having to go through a banker first. I think this has been mentioned, but JP Morgan has been hacked. So have Target and Home Depot servers that store credit card numbers.
3) Most of the problems that the OP mentioned also happens with fiat currencies. There are nations whose fiat currencies suffer through such terrible inflation that Zimbabwe has a $100 trillion dollar bill and, with another nation (I can't think which one right now), it's common to pay workers at lunchtime so they can buy things before prices go up again.

I like the fact that the bank cannot restrict my use of my own resources.

Question - why are so many bitcoin users concerned with the 'criminals' using bitcoins?

Yes it use mildly useful, but I'm trying to see if there is any real, logical reason that it would be used by a large amount of people.  After dealing with it for over a year, it seems like its more of just a niche internet tool, that doesn't actually have the usefulness that people (especially on here) want you to think it does.

Bank can't freeze my bitcoins.

Only 3 of your cons did not involve fiat currency. The main problems with Bitcoin are trying to live on two currencies. I live on the dollar and the euro and it makes things difficult. It would be so much better if everyone just used bitcoins.

Well, every new technology faces the chicken and egg problem. This is already known.


Only some types of accounts are free (the most basic ones), and even then, they're not entirely free. The fact that they receive your money means they can spend it on something else while claiming they still have it (this is fractional reserve).

About #4, if your cash gets stolen, it's lost for good. If your card gets stolen, you get a new card, but an insurance company has to pay for it. There's no reason why there can't be a Bitcoin insurance company (although it would work a little different from what we're used to).


Black market has been working with cash for as long as there has been cash. If I were you, I would stop using cash because it's being used by drug dealers and other kind of criminals.

I'm still waiting for that letter.
The bottom line for me is that I do use it as a currency and have for years now. You need to be ignorant of bitcoin to buy these assumptions. And I don't really care what people who can't understand bitcoin are going to do. Na, you keep your shitty bank paper coupons.  I'm doing quite well using BTC as my money.
It reminds me of the internet in 1991. The same arguments were made to me about how stupid the internet was. Yet it did work out, and take over the planet.

4. Don't forget JP Morgan Breach that affected tens of millions of accounts.

Always the same questions over and over and over and over and over again.
This forum is bulging from all the answers too.
If you don't like bitcoin, don't use it.

1. and this is one of the main reasons its completely unusable as a "currency"
2. there is no demand, again the difficulty to obtain makes it unusable by 99% of people
3. I dont pay the bank anything, cash at home is more than secure as well
4. get a new card for free or use cash
5. yes, but certainly the black market is the most obvious utilization for btc.  thats the only real new feature it brings to the table, a way for criminals to work online and avoid things like paypal
6. I dont pay the bank or my credit card for protection. In fact I make money with rewards

1. no problem. That is called a free market. You want a mommy to smooth everything out like the dollar?
2. fixable by business. If there is a demand it will be met.
3. You could pay for secure storage. Like you do with your fiat.
4. Like it happened to me twice this year using a debit card? Target breach, Home Depot breach.
5. And non-criminals
6. You could pay for it. Like you do now with your fiat. There is no such thing as free protection.

Problems with btc:
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^

good things:
1. cheap way to send money
2. only 21 mil ever in circulation

So why should more people start using btc?  It seems the cons outweigh the pros.